U.K. Home-Price Index Falls to Lowest in a Year as Sales Decline
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A U.K. house-price index dropped to the lowest in a year as property transactions fell for a fourth month, the Royal Institution of Chartered Surveyors said.
The price gauge fell to minus 24 from minus 22 in June, London-based RICS said in a report today, citing a monthly poll of property surveyors. A reading below zero means more surveyors saw price drops than gains last month. Measures of newly agreed sales dropped to a four-year low.