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London property values down £40bn since Brexit vote

The north-south divide in house price growth has narrowed in the three years since the Brexit vote, as new data underlined the shifts in the market since the 2016 referendum.

House prices across the south of England powered ahead in the three years leading to the vote, clocking up an increase of £1.04tn in the value of housing stock.

In the three years since the June 2016 vote, however, the value of housing in the London, the South East, East and South West regions has risen by 4.3% or £192bn, less than one-fifth of its growth in the previous three years.

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