Many variances come to the London realty market because of what the government is doing, but there may soon be a major change that will bring far more houses on the market than is healthy, as real estate expert Nick Millican comments. The Chancellor Jeremy Hunt is considering changes to taxes that have made London a good place for foreign investors to have a home. 

Changes would be the repeal of laws that help foreign investors to only pay for the money they make in the United Kingdom when they have a home there. London has been the place they usually decide to buy. While the rules would cause these investors to reconsider any more investing, Nick Millican assures, they would also want to get rid of their homes. 

Real estate agents like Nick Millican have customers who want the homes, but it would cause the market to become depressed. Most of these homes are in better neighborhoods, which could see the values of these neighborhoods drop in a way that might not be healthy in the short term. 

A possibility is that some may see it as an investment opportunity, which could be helped by an agent like Nick Millican. 

People sometimes forget the impact the government has on several areas when it comes to issues outside of normal government programs, Nick Millican shares. The real estate market is one of those areas that see a lot more fluctuation from government edicts than most see, which is why someone like Millican is necessary to help make it clear.