London slump shrinks north-south divide in house prices

the Guardian -

the Guardian—Manchester and Birmingham set for faster growth than rest of the country as property value rises in northern England The north-south divide in house prices is beginning to narrow as the booming London property market fizzles out, according to experts who forecast parts of northern England are set to maintain a recent increase in value. Growth in house prices in the capital is expected to slip below the national average, continuing a slide triggered by the Brexit vote. This will result in further...

London house prices slump the most since financial crisis. House prices in London have dropped the most since the height of the financial crisis, underscoring the impact from falling consumer purchasing power and uncertainty over the U.K.’s exit from the European Union.