Property News · August 15, 2017

London slump drags UK house-price growth to a standstill


UK property prices stagnated in July as a slump in London values spread to neighbouring areas, according to the Royal Institution of Chartered Surveyors.
After months of decline in the London housing market, largely due to prime properties in the centre of the city, prices in England’s southeast had their worst performance since 2011, RICS said in a survey published last week. Homebuilders slumped after the report, with Persimmon Plc leading declines.
Nationwide, RICS said its price gauge…

Source : South China Morning Post
Read more…London slump drags UK house-price growth to a standstill

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