Oct
17
London Home Prices Fall for Fifth Month, Worst Streak Since 2009
By-
Annual inflation slows to 2.2%, down from 13% in March
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Slowdown led by most expensive properties in the city
London house prices fell for a fifth month in August, the worst streak for the U.K. capital since the depths of the recession seven years ago.
The 0.6 percent drop, taking the average value to 580,930 ($708,000) pounds, followed a 1 percent fall the previous month, LSL Property Services and Acadata said on Saturday. The annual pace of growth has now slowed to just 2.2 percent, the weakest since early 2012…
London Home Prices Fall for Fifth Month, Worst Streak Since 2009
