Pursuits
U.K. House Prices Post First Quarterly Decline Since 2012
- Values fall 0.2% in Feb.-April compared with Nov.-Jan.
- Multiple reports point to slowdown in property market
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U.K. house prices recorded their first quarterly decline in more than four years, adding to signs that the property market is cooling.
In the three months to April, prices fell 0.2 percent compared with the previous three months, lender Halifax said in a report on Monday. In April alone, prices slipped 0.1 percent, meaning they haven’t risen for the past four months.