Economics
U.K.'s Regions See House Prices Drive Higher, Despite Brexit
- As London’s boom cools, other cities are posting big gains
- Birmingham home prices have risen almost 15% since 2016 vote
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London’s decade-long housing boom may have been cooled by Brexit, but the property market in the rest of the U.K. is largely shrugging it off.
While home prices in the capital have risen only 1.7 percent since the June 2016 vote, those in Birmingham, Britain’s second-biggest city, have jumped almost 15 percent, according to Hometrack. Manchester is close behind with a rise of 14 percent. The only city where values have fallen over the past 2 1/2 years is Aberdeen.