House prices in London have fallen for the fifth quarter
in a row as high prices, stamp duty changes and Brexit uncertainty put off
buyers. The average price of a home in the capital fell by 0.7% in the third
quarter, compared with the same period last year, to £468,544, according to
Nationwide. It followed a 1.9% drop in prices in the second quarter. Despite
the fall, London remains the most expensive place to buy a property by some
margin, with average prices more than twice the national average of £216,103.
Read more on the Guardian website.
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