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Central London used to drive UK house price growth and is now dragging it down – here's why

LONDON — After decades of runaway growth, house prices in "prime" central London fell further and faster than any other part of the country in the past two years. A market which had shown signs of faltering before the EU referendum softened quickly. Estate agents Savills found average prices in London's hyper-expensive central boroughs like Chelsea and Mayfair fell 1.3% in the three months to June this year, meaning they are now down 14.
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