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13

London’s Housing Slowdown Holds Back U.K. Property-Price Gains

By Tony Seruga

Prices grow 0.4 percent, as demand bounces back from Brexit
Homes in capital’s exclusive boroughs lose 8.6 percent on year

London’s priciest neighborhoods are weighing down house-price growth in the U.K., according to Acadata and LSL Property Services Plc.

The average value of a British home rose 3 percent in the year to October, the groups said in a report published on Saturday. Excluding London and the southeast, average prices rose 3.6 percent. From a month earlier, national prices gained 0.4 percent in October to 294,351 pounds ($366,000)…

London’s Housing Slowdown Holds Back U.K. Property-Price Gains

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