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London House Prices Flatline In Worst Performance Since 2019

  • Halifax said house prices in the capital stalled in January
  • Britain’s wider market stabilized after four months of decline
Updated on

London house prices flatlined, recording their worst performance in more than three years, one of the UK’s biggest mortgage lenders said. 

The cost of an average home in the capital hit £530,396 ($637,720) in January, unchanged from a year earlier, according to Halifax. This was the slowest rate of growth since November 2019, when prices fell by 1% from the previous year.