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London House Prices Decline for First Time in Eight Years

  • U.K. capital is weakest performer for first time since 2005
  • National house-price growth slowed slightly to 2% from 2.1%
Updated on

London house prices posted their first annual decline since the financial crisis, Nationwide Building Society said.

The 0.6 percent year-on-year drop in the U.K. capital in the quarter through September was the worst performance since 2009. It was the weakest region in the country for the first time in more than a decade.