London's high-end property market cools on worries about tax hit

LONDON, Sept 17 (Reuters) - Demand for London's most expensive homes cooled last month as high earners worried about the possibility of tax increases by Britain's new centre-left government, a property data firm said on Tuesday. LonRes said sales of property in prime central locations in the British capital were down by 7.5% compared with the same month a year earlier while new sales instructions had risen by 8.1%. The average selling price for prime property was 4.2% lower than a year ago. A post-election bounce in the market in...