Rich Britons help to drive up house prices in tax havens

July 13th, 2009

The Guardian

While house prices across Europe have plunged in recent months, a stream of wealthy tax exiles is continuing to push up property prices in offshore tax enclaves across the continent.

According to a new survey, tax havens from Gibraltar to the Isle of Man are bucking the slump, with many wealthy Britons helping to drive up prices.

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