Good Class Bungalow

The change will affect around 74,000 non-domiciled residents in the UK.

The average transacted unit price is up 1% in Q1 and nearly 13% in Q2. 

OK Lim last month was found guilty of three criminal charges.

The value of transacted GCBs also fell 10.6% QoQ.

CBRE cited three factors affecting sales of GCBs.

The GCBs sold were valued at $613.45m, down 18.4%.

In Q2 2022, prices of landed homes rose by 2.9% QoQ.

The top deal for H122 was the sale of a property at Chancery Lane for $66.1m.

The division is called Luxury Homes.   Real estate agency, ERA Realty, has formed Luxury Homes, a new division that will focus on marketing Good Class Bungalows (GCBs).

The GCB market could enter a renaissance period in the next 12 months.