Europe Drags Residential-Property Price Gains to Two-Year Low

Home values worldwide rose at the slowest pace in two years in the second quarter as declines in Europe combined with smaller gains in Asia, Knight Frank LLP said.

Prices increased 0.1 percent from the previous three months, according to a report released today by the London-based real-estate broker. That’s the least since the second quarter of 2009, when there was a 0.9 percent drop.