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Evening Standard
Evening Standard
Emma Magnus

London property market hit by Iran war as mortgage payments soar and thousands of homes left unsold

London Iran

The average Londoner is paying an extra £244 per month on their mortgage as war in Iran and political uncertainty have caused the capital’s property market to slow down, new data reveals.

Zoopla’s House Price Index, released today, shows that sales agreed in the capital are down by nine per cent since last year, as buyers adopt a more cautious, wait-and-see approach. This is below the national average, at seven per cent.

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