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Tuesday, October 2, 2018

London house prices fall again as stamp duty and Brexit fears bite

Average price of a home in the capital is £468,544, more than twice national average

House prices in London have fallen for the fifth quarter in a row as high prices, stamp duty changes and Brexit uncertainty put off buyers.

The average price of a home in the capital fell by 0.7% in the third quarter, compared with the same period last year, to £468,544, according to Nationwide. It followed a 1.9% drop in prices in the second quarter.

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