London's housing market boom that was observed during last decade weakened due to UK's exit from European Union, however, other parts of the country are doing not so bad, Bloomberg writes.

While prices in the capital gained just 1,7% since the referendum in June of 2016, prices in the second largest city of the UK Birmingham grew by almost 15%. Manchester goes very close with 14% gain. The only city that demonstrated price drop was Aberdeen.

Households in regions are still using advantages of lower mortgage rates as well as employment rise, experts assume. Regions were not influenced by low affordability of housing and increase in stamp duty to the extend these problems hurt real estate market in London.

Prices in the capital gained 89% since 2009, which is much more than increase in wages. However, they already lost about fifth of its value since 2014.