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U.K. Election Mostly Good News for London’s Prime Real Estate

While a stronger pound might spook some overseas buyers, experts say the end of uncertainty around Brexit means the green shoots of a recovery in London’s prime central property market will finally take root

As Prime Minister Boris Johnson returns to Downing Street with a mandate to “Get Brexit Done,” real-estate agents in prime central London (PCL), regardless of political affiliation, are breathing a collective sigh of relief. The political and economic volatility the U.K. has endured since voting to leave the European Union has coincided with the disappearance of overseas buyers from London’s market and falling prices. Now they believe that a deal—any deal—will help repair buyer confidence after years in limbo.

“A [Jeremy]...