U.K. Acadametrics Home Prices Fall for First Time in Five Months
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U.K. house prices dropped for the first time in five months in April as demand weakened after the end of a tax exemption on purchases for first-time buyers, Acadametrics Ltd. and LSL Property Services Plc said.
The average price of a home in England and Wales fell 0.2 percent from March to 220,668 pounds ($357,000), the groups said in an e-mailed report in London today. From a year earlier, values were down 0.7 percent.