London House Prices to Fall Next Year After Brexit Vote: Chart

London’s soaring housing market will hit the brakes next year. Values will fall 1.25 percent, their first annual decline since 2009, as home buyers await the fallout of the U.K.’s vote to leave the European Union, according to a forecast from Countrywide Plc. Values will rise again in 2018 as a shortage of homes in the capital and low interest rates support prices, the broker said.

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