House Prices In Britain Rising At Slowest Rate For Seven Years

House prices in Britain are rising at the slowest annual rate for seven years as Brexit uncertainty dampens consumer demand. Dragged down by steep declines in London and the south, national house price growth for the country at large dropped to 0.7% in July from 1.4% a month earlier, hitting the slowest growth rate since 2012, said the Office for National Statistics. House prices fell in four of nine English regions, with the biggest decline in the north-east where the average cost of a home slid by 2.9% over the year. The average property price for the country at large increased over the year by £2,000 to stand at £233,000 in July. Read more on the Guardian website.

https://www.theguardian.com/business/2019/sep/18/house-prices-in-britain-rising-at-slowest-rate-for-seven-years