U.K. Property Slowdown Continues as Prices Fall for Fifth Month
- Acadata shows annual price change at the weakest since 2012
- London is leading the slowdown in U.K. property market
U.K. Housing As House-Price Growth At A Standstill
Photographer: Jason Alden/BloombergThis article is for subscribers only.
U.K. house prices fell for a fifth month in August, according to a new report, dragging their annual gain to the weakest since 2012.
In a monthly report published Wednesday, Acadata said values fell 0.2 percent from July to an average 297,398 pounds ($400,863). From a year earlier, they rose 2.1 percent. Detailed figures published with a lag show London values dropped 1.4 percent in July, led by prime boroughs such as Kensington and Chelsea, and Westminster.