Political uncertainty dampens the UK's property market
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House prices in UK are still rising (though not in inflation-adjusted terms). The average house price in the UK rose by 2.8% (0% inflation-adjusted) to £209,971 (US$ 273,046) during the year to Q2 2017, based on the figures from Nationwide. Previous quarters had seen rises of 4.1% in Q1 2017, and 4.5% in Q4 2016.
In London prices decelerated sharply, with price rises of only 1.2% (-1.5% inflation-adjusted) during the year to Q2 2017. London is the second weakest region in the country after the North, according to Nationwide.
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