U.K. Home Values Drop as Olympic Knock-On Extends Summer Lull
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U.K. house prices fell for a third month in September as mortgage availability remained constrained and a lull during the London Olympics the previous month reduced sales, Acadametrics Ltd. said.
The average cost of a home in England and Wales fell 0.1 percent from August to 225,374 pounds ($362,000), Acadametrics and LSL Property Services Plc said in a report in London today. Transactions fell 24 percent to 50,000, the second-lowest level for a September since records began in 1995, it said.