Millions of flat owners have seen no growth at all in the
value of their homes over the past year, according to the Office for National
Statistics (ONS). That is the first time that has happened in six years. The
main reason is that a quarter of the UK's flats and maisonettes are in London,
where prices are falling. Overall house prices rose by 3% in the year to May,
the ONS said - the lowest increase since August 2013. The continuing slowdown
in price growth was driven by a cooling market in the south and east of
England. Read more on the BBC website.
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