Relevant:
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- London Home Prices Have Biggest New-Year Surge in Five Years
- London House Prices Plunge As Supply Rise Adds To Lull: Economy
- London Home Prices Jump as Pound Drop Aids Foreign Buyers
- U.K. Property Asking Prices Rebound, Rightmove Says
2016-12-13 — bloomberg.com
Rightmove said on Monday that asking prices fell 4.3 percent from November to 616,160 pounds ($775,500), with inner London dropping 6 percent. The property website operator said the bubble in prime London "continues to deflate," and it sees prices there declining 5 percent next year.
...
In a sign of the disparity within the city, average prices in inner London are down 2.6 percent over the past year, whereas outer areas are up 2.7 percent. That left average prices across the capital little changed. The split partly reflects the luxury end of the market, where an April tax increase on property investors and worries about Brexit are sapping demand.
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