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Brexit Housing Crash Fears Stay in London as Regions Catch Up

  • Estate agents in the north say capital is a ‘different world’
  • Almost every other major urban area is seeing rising prices
A pedestrian crosses a street of terraced residential housing in Wallsend, U.K.

A pedestrian crosses a street of terraced residential housing in Wallsend, U.K.

Photographer: Matthew Lloyd/Bloomberg
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The Brexit-inspired decline in London’s property values has yet to cause any serious ripples in other areas of the U.K.

While price-growth and activity may be slowing amid the uncertainty, almost every other major urban area in the country is still experiencing a rising market, according to Acadata. It’s a national divide that’s all too apparent to real estate agents in northern England who aren’t too worried about the U.K.’s departure from the European Union.