UK house prices fell for a fifth month in a row in July,
the longest stretch of declines since the financial crisis. Values fell 0.2 per
cent from June, bringing the average price for a home to £302,251. London
remains a "mixed picture," with the number of sales in the second
quarter falling by 7 per cent from a year earlier and prices declining in
almost two-thirds of the capital's boroughs. The housing market is weakening
after a three-decade boom amid slower economic growth, uncertainty created by
Brexit and inflation outpacing wage growth over much of the past year. Read
more on the Business Times website.
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