Showing posts with label Business Times. Show all posts
Showing posts with label Business Times. Show all posts

Thursday, 16 August 2018

UK House Prices Are On The Longest Losing Streak Since Crisis


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.