U.K. House Prices ‘Virtually at Standstill’

  • A squeeze on wages and inflation is holding back buyers
  • Consumer confidence fell most in more than two years in 2Q

U.K. house prices are “virtually at a standstill” as consumers contend with a squeeze on living standards, Rightmove Plc said.

Asking prices rose by 0.1 percent in July from the previous month, the property website said on Monday. The average asking price climbed to 316,421 pounds ($412,000), a “relatively subdued” 2.8 percent increase from a year earlier. The annual rate of price gains was almost 8 percent in May last year…

U.K. House Prices ‘Virtually at Standstill’

Categories : Real Estate

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