Pursuits
U.K. House Prices Slide by Most in Five Months After Brexit Vote
- Values slipped 1 percent in July, falling most since February
- Halifax says too early to tell impact of Brexit on market
Brexit and Mortar: Britain's Housing Market Future
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U.K. house-prices fell by the most in five months after Britain’s decision to quit the European Union, although it’s still too early to tell how much Brexit has damped the market, Halifax said.
Prices dropped 1 percent in July, the biggest slide since February, reversing a 1.2 percent gain in June, the mortgage lender said in a statement on Friday. Values were still up 1.6 percent in the three months through July and were up 7.8 percent from a year earlier, to an average 214,678 pounds ($281,765).