UK house prices slowed in July with London weighing on national performance - EY ITEM Club
(WorldNews Europe)

The annual increase in UK house prices continued to be dragged down by falling year-on-year prices in London. Specifically, London house prices were down 1.4% year-on-year in July, which was a 13th successive decline. London house prices rose an unadjusted 1.0% month-on-month in July The slowdown in annual house price inflation to 0.7% occurred despite a recent modest strengthening in housing market activity. The Bank of England reported that mortgage approvals for those purchases rose to a 2-year high in July, although they were only slightly above the range that has broadly held for the past two years The recent pick-up in housing market activity may be at least partly influenced by house...