Punitive taxes and onerous regulation on landlords are leading the wealthy to sell up and leave London – with knock-on effects at all levels of the housing market, says James Evans

As City AM’s Editor-in-Chief recently pointed out, ‘The UK only has around 70,000 non-doms, and that number is falling fast. More than 11,000 millionaires, along with 12 billionaires, left the UK last year – the biggest annual outflow in a decade.’ It’s not just a statistic. We’re seeing it on the ground. Overseas investors who previously viewed London as an investment haven are going elsewhere. Whether I’m speaking with clients over lunch in an eerily quiet Chelsea restaurant or abroad on business in the US, Asia or Africa, the message is the same: Britain is closed for business.

Why? This sentiment is driven by the government’s overall approach to........

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