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U.K. House Prices Decline for Second Month as Sales Soften | Tony Seruga
Sep
07

U.K. House Prices Decline for Second Month as Sales Soften

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  • Halifax says quarterly growth is slowest since Dec. 2014
  • Report published in London doesn’t mention Brexit-vote effect

U.K. house-prices fell for a second month in August, as high prices curbed demand and sales activity softened, Halifax said.

Prices slipped 0.2 percent, after dropping 1.1 percent in July, the mortgage lender said in a statement on Wednesday. In the three months through August, values grew 0.7 percent, the slowest quarterly pace since December 2014. From a year earlier, values increased 4.1 percent to an average 213,930 pounds ($286,923), while the three-month annual rate of growth slowed to the least since 2013…

U.K. House Prices Decline for Second Month as Sales Soften

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