U.K. House-Price Growth Hits 15-Month Low as New Rules Take Hold
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U.K. house prices grew at the slowest pace in more than a year in July, adding to evidence of a property slowdown as measures to cool the market took effect.
Property values rose 0.1 percent from June to an average 188,949 pounds ($312,000), Nationwide Building Society said today in a statement on its website. That’s the smallest increase since April 2013. From a year earlier, prices climbed 10.6 percent, following June’s annual gain of 11.8 percent, which was the fastest year-on-year gain since 2005.