Tax changes herald arrival of uber renter says London agent

The UK’s looming exit from the EU and the ending of permanent non-dom tax status by the Cameron government in 2015 has created a new phenomenon in the property called the uber tenant, it has been claimed. Not a tenant who uses the mobile app to get around but, says a leading north London agent, the growing number of overseas residents who rent luxury property instead of buying them. Agent Trevor Abrahamsohn of Glentree Estates (pictured, left) says fewer wealthy families are purchasing the sort of £20-£25 million mansions his company deals in and that, instead, they are renting them, often for over £100,000 a month. “With Sterling being greatly devalued and the draconian banking regulations which apply to bringing wealth in to this country, some of our international friends find it easier to rent than to buy, which is markedly pushing up prices,” says Trevor. Amit Soni (pictured, right), who runs Glentree’s rentals business, says this month his average rent for a property on his patch has been £40,000 a week, which he says is “unprecedented both for us and the locality”. “By renting these mansions, they are able to live in the same luxury as if they had…