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London house market worst in UK with price drop last year
Values in capital down 0.5%, lagging behind a 2.6% increase nationally; weakness may persist in 2018
Add BT as a preferred sourcePublished Fri, Jan 5, 2018 · 09:50 PM
London
LONDON was the worst-performing home market in the United Kingdom last year for the first time in more than a decade and may be stuck there.
Nationwide Building Society said values in the capital fell 0.5 per cent - the first full-year decline since the 2009 recession - lagging behind a 2.6 per cent increase nationally. It's the first time since 2004 that the city has ended the year as the slowest-growing region.
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