U.K. House Prices Fall to Lowest in 17 Months, Acadametrics Says
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U.K. house prices dropped for a third month in June to their lowest level in 1 1/2 years as a purchase-tax increase and a lack of mortgage finance deterred buyers, Acadametrics Ltd. and LSL Property Services Plc said.
The average price of a home in England and Wales fell 0.8 percent to 219,365 pounds ($350,500) from May, when it also decreased 0.8 percent, the groups said in an e-mailed report in London today. Prices fell 1.4 percent from a year earlier.