London Home Prices Post First Fall Since 2012 on Demand Drop
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London house prices fell for the first time in almost two years this month as declining demand led to a weakening of the property market across Britain, Hometrack Ltd. said.
The survey of real-estate agents showed values in the capital dropped 0.1 percent, the first decrease since November 2012, and further “modest” declines are likely in the coming months, the property-research company said in a report today. National prices stagnated, bringing to an end 19 months of increases.