Economics
U.K. House Prices Are on the Longest Losing Streak Since Crisis
- Values fall for fifth month in a row, worst run since 2009
- Separate report shows consumer spending declined in July
This article is for subscribers only.
U.K. 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 percent from June, bringing the average price for a home to 302,251 pounds ($386,000), Acadata said in a report Monday. London remains a “mixed picture,” with the number of sales in the second quarter falling by 7 percent from a year earlier and prices declining in almost two-thirds of the capital’s boroughs.