PHOTO: R A Kearton/Getty Images
Property prices across England and Wales fell for the fifth consecutive month in July, down 0.2% from June, putting the average house price at £302,251 (US$385,445), according to the house price index from LSL Property Services and real estate consultants Acadata released Monday.
The flat prices are largely down due to slower activity.
In July, there were roughly 75,000 transactions recorded across the two countries, a fall of 2% from June, the report said.
But despite the monthly falls, on a yearly basis the outlook was a little brighter. When compared to the same month last year, prices in July rose 1.6%.
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