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16

London Home Owners Stay Put as Brexit Damps Appetite to Sell

By Tony Seruga

New listings for sale dropped an annual 14% in January
Prices rose 1.4% from previous month versus 0.4% nationally

London home owners are showing a “marked reluctance” to put their property up for sale, deterred by uncertainty caused by the looming Brexit process and an increase in tax, according to Rightmove.

While the average asking price of a property in the capital rose 1.4 percent in January to 624,953 pounds ($759,000), fewer Londoners put their properties up for sale. New listings slid 14 percent from a year earlier, the property website operator said Monday…

London Home Owners Stay Put as Brexit Damps Appetite to Sell

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