London housing takes a real beating due to Brexit uncertainty

LONDON: London’s house price slump left Britain values stagnating for a fifth month in September as Brexit concerns and interest rate rises discouraged buyers.

The Britain’s negotiations over leaving the EU dominated the concerns of London agents in the monthly survey from the Royal Institution of Chartered Surveyors. They said there hasn’t been much of a pickup after the traditional summer lull, with buyers more cautious and sellers forced to cut prices to secure an offer.