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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

London has taken the brunt of the slowdown after years of surging values that stretched affordability for first-time buyers.


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...