London House Prices Fall In May At Fastest Rate In A Decade

www.oann.com | 1/19/2017 | Staff
moemajor (Posted by) Level 3
LONDON, (Reuters) – House prices in London fell at the fastest rate in almost 10 years in May, according to data that also showed consumer price inflation held at the Bank of England’s 2% target for a second month running in June.

House prices in the capital fell 4.4% in annual terms, marking the biggest fall since August 2009, the Office for National Statistics (ONS) said.

Period - Weakness - Property - Brexit - Vote

Extending a period of weakness in the property since the Brexit vote more than three years ago, house price growth across the United Kingdom slowed to 1.2%, matching February’s six-year low.

Some other surveys have suggested recently that the housing market might be past the worst of its slowdown.

London - House - Prices - % - July

London house prices are now 6.4% below their July 2017 peak, a disappointment to some homeowners...
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