The Brexit-inspired decline in London’s property values has yet to cause any serious ripples in other areas of the U.K.
Behind him the noise of construction creeps through the windows from workers refurbishing the 19th-century cast-iron Leeds Bridge, originally built when the city — 200 miles north of the capital — was rapidly expanding and flush with the wealth of the Industrial Revolution. With Britain’s future outside of the EU still as unclear as ever, the London market is taking the biggest hit. The capital’s asking prices dropped 1.1 percent in March from a month earlier, according to Rightmove, while the national measure rose 0.4 percent.
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