London house-price index falls to 7-year low


LONDON: A measure of London house prices fell to its lowest level since the height of the financial crisis as Brexit sent shock waves across the UK.

The index dropped to minus 46 in June from minus 35 the previous month, the Royal Institution of Chartered Surveyors said, citing a survey of real-estate agents. That’s the weakest reading since early 2009. All responses were received after the European Union (EU) referendum on June 23.

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