Disappointment for London Homeowners

And optimism, perhaps, for buyers as house prices fell in the U.K. capital

For the first time in more than a decade, London was the worst-performing U.K. region for house prices, according to Nationwide Building Society. Home values in the capital fell 0.5 percent in the fourth quarter from the same period in 2016, compared with a 2.6 percent increase nationally. London has been particularly vulnerable to factors including Brexit-induced uncertainty, a squeeze on buyers from inflation, and tax changes affecting landlords.

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