London Home Values Rise at Slowest Pace Since 2012
- Prices are falling in some markets with prices above $760,000
- Islington and Hammersmith among poorest performing markets
Metro Bank's Hill Says OK If London Home Prices Plateau
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Home values in London rose at the lowest rate in five years as affordability issues and uncertainty surrounding Brexit damped demand.
House prices rose 3.3 percent in May from a year earlier, the smallest increase since March 2012, according to data compiled by property researcher Hometrack. Values had gained 13 percent in the 12 months through May 2016, the data show.