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Londoners Cut House Prices to Lure Buyers in Slowing Market

  • Rightmove says London homes taking longer to sell after Brexit
  • Tax increase and summer holidays also blamed for slowdown
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Why are London Homes Taking Longer to Sell?

London properties are taking longer to sell this month, despite a summer price cut, as Brexit uncertainty compounds the dampening effect of the holiday season.

Homes in the U.K. capital are staying on the market for five days more than in May, the month before Britons voted to leave the European Union, property website Rightmove Plc said in a report published Monday.