Rise in London house prices slows, experts find

House prices in the capital have slowed to what experts say is the weakest growth in 18 months. Property analyst Hometrack found house prices rose by only 0.1% month-on-month in July.

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London house price rise 'slowed to lowest rate' in July

London house prices slowed to their lowest rate last month, making July the weakest growth in the capital's property market in 18 months, experts said.

Only 12% of postcodes in London had property which rose in value during July. Credit: PA

Momentum slowed to just 0.1% month-on-month, property analysts Hometrack found.

The rise in house prices "slowed dramatically" with just 12% of London postcodes registering price gains in July and a further 11% reporting a drop.

Hometrack said this marked the first time in four years that London has had a smaller proportion of markets registering price gains than regions across England and Wales.

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