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U.K. House Prices at Risk From Brexit
Bank of England Governor Mark Carney is said to have predicted a 35 percent slide if no deal is agreed
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Bank of England Governor Mark Carney told senior government ministers Thursday if Britain leaves the European Union without reaching an agreement with the bloc, house prices could fall by more than 35 percent and mortgage rates will increase, according to people with knowledge of the matter. A drop of that magnitude would take average U.K. home values down to 148,450 pounds ($194,900), below the post-financial crisis trough in March 2009 and the lowest since June 2004.