London House Prices Post Biggest Drop Since 2009 in July
- Home prices in the U.K. capital declined 0.7 percent, ONS says
- National growth slowed to weakest pace since August 2013
Photographer: Matthew Lloyd/Bloomberg
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London house prices posted their biggest drop in almost a decade in July.
Home prices fell 0.7 percent from a year earlier, the biggest decline since September 2009, the Office for National Statistics said Wednesday. The average property in the capital cost 485,000 pounds ($640,000).