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U.K. House Prices Stagnate as London Drags Down Market

  • Weaker market unnerves potential sellers, reducing supply
  • Halifax said this week that home-price inflation is slowing
Aerial Views Of London

Photographer: Matthew Lloyd/Bloomberg

Updated on

U.K. home prices were unchanged in February and concern about the health of the market saw potential sellers hold off putting their properties up for sale.

The Royal Institution of Chartered Surveyors said its gauge of prices slipped to zero, effectively marking a ninth month of stagnation, with weakness in London and the southeast weighing on the national market.