Jun
17
London House Prices Continue Their Descent
By-
Average property value fell 0.9% in June, Rightmove says
- BCC business lobby revises down U.K. economic growth forecasts
London house prices fell the most since the beginning of the year in June as the capital’s property market continued to lag behind the rest of the country.
The price of property coming to market in London dropped by 0.9 percent, bringing the average price to 631,737 pounds ($838,000), property-website operator Rightmove said in a report Monday. Values fell 1 percent from a year earlier, marking the 10th negative month in a row. Nationally, prices grew 0.4 percent on the month and 1.7 percent on an annual basis…
