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London’s Housing Boom Is Over, Rightmove Says

  • U.K. capital’s home prices are in ‘adjustment,’ Rightmove says
  • Asking prices fell 1% in February versus year earlier
For London Housing, It's The 'End Of The Boom,' Says Rightmove
Photographer: Simon Dawson/Bloomberg

London’s property market has moved out of its boom phase and home sellers need to be more realistic about their price demands, according to Rightmove.

The February report from the home-listing website shows that asking prices were down 1 percent from a year earlier, a sixth consecutive fall. They rose 4.4 percent on the month, reflecting the usual jump at the start of the spring season.