U.K. house prices fell for a third month in September on weakening demand that may continue to weigh on property values, Hometrack Ltd. said.
U.K. house prices dropped for a seventh month in November and the pace of decline may accelerate as weak consumer confidence erodes demand, property researcher Hometrack Ltd. said.
U.K. house prices increased in April for a 15th month as the momentum in the property market spread beyond London, Hometrack Ltd. said.
London homes changed hands at the fastest pace since 2007 in April as the capital’s property market drove a third month of U.K. house-price increases, according to Hometrack Ltd.
U.K. house prices extended their decline in January as demand plunged the most in three years on concern about the outlook for the economy, Hometrack Ltd. said.
"Important lead indicators in this survey are turning and pointing to a loss of momentum."
- Richard Donnell on Aug 28, 2014