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U.K. House Price Growth at Slowest Since 2012

  • Annual increases slip to 1.1% in September, Rightmove says
  • Prices in London’s most-expensive areas see price declines
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Photographer: Jason Alden/Bloomberg
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U.K. house prices grew at the slowest annual pace in more than five years this month as a slump in London weighed on the market.

Asking prices rose 1.1 percent from a year earlier, Rightmove Plc said on Monday, down from 3.1 percent in August. While the autumn traditionally sees prices pick up after a summer lull, this year had the first month-on-month decline in September in four years as values in London slumped.