The average price of a home in London dropped in 2017 for the first time in eight years on fallout from Brexit, data showed on Thursday. While prices were up nationwide, they were down in London for the first time since 2009, mortgage lender Nationwide calculated. UK house prices rose by 2.6 percent overall last year - slower than the 4.5 percent seen the previous year - said Nationwide, whose monthly survey is closely watched by markets.

However, "London saw a particularly marked slowdown, with prices falling in annual terms for the first time in eight years, albeit by a modest 0.5 percent" during the fourth quarter, said Nationwide chief economist Robert Gardner.

Copyright Agence France-Presse, 2018