Pursuits

London’s Costliest Boroughs Have Worst Home Value Gains

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London’s luxury-housing boom is running out of steam, with price gains in the city’s best neighborhoods trailing poorer districts and other large U.K. cities.

Home values in the Kensington & Chelsea borough rose the least in the city in the 12 months through March, while Newham, one of the least-expensive boroughs, climbed the most, property researcher Hometrack said in a report Friday.