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London's lavishly high home prices take a Brexit hit

After the vote to leave the EU, prime central London property prices dropped 1.5% in July - marking the steepest fall since October 2009, according to Knight Frank

A July survey showed the construction industry in Britain suffering its steepest decline in seven years.


MONEYED newcomers drove London real estate prices to dizzying heights, turning even the most Dickensian hovel into a trophy property. But Britain's bid to break with Europe may finally be cooling the most expensive big-city housing market in the West.

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