London Home-Price Inflation Eases to Lowest Since May ’15: Chart

The year-on-year increase in London home prices dropped to the slowest pace in 15 months as owners of inner-city properties cut asking prices by 3.6 percent from July. Houses are taking five days longer to sell compared with May, according to a report published by Rightmove Plc. A summer lull is adding to the fallout from the vote to leave the European Union and a slowdown in demand since a tax increase on investment homes took effect in April.

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