markets

The London Borough Where Home Prices Have Crashed by 21%

London property is having a tough time, but one borough is suffering more than most. Home prices in Southwark -- an area to the south of the Thames that includes London Bridge station, Shakespeare’s reconstructed Globe Theatre and trendy Peckham -- fell more than 20 percent in the year through November, according to a report from LSL Acadata on Monday. That saw the average home price there drop from 709,130 pounds ($980,000) to 559,529 pounds.

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