• Monday, August 15, 2022

Business

House Prices in London Decline Amid Brexit Uncertainties

House Prices in London Decline Amid Brexit Uncertainties (Photo: Catherine Ivill/Getty Images).

By: Radhakrishna N S

For the fifth quarter in a row, house prices in London fell annually, though the decline remains modest at just 0.7 per cent amid Brexit uncertainties. Indeed, prices in the capital are only three per cent below the all-time-high recorded in the first quarter of 2017 and are still more than 50 per cent above their 2007 levels, said Nationwide in a report released for the month ended September. The average price of a home in London declined by 0.7 per cent in the third quarter, compared with the same period of 2017, to £468,544, according to Nationwide. It followed…

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