Jul 18, 2018
Prices of flats stay unchanged for a year, says ONS
That is the first time that has happened in six years. The main reason is that a quarter of the UK's flats and maisonettes are in London, where prices are falling. Overall house prices rose by 3% in the year to May, the ONS said - the lowest increase since August 2013. The continuing slowdown in price growth was driven by a cooling market in the south and east of England. Average property prices in London fell by 0.4%, while prices rose by 6.3% in the East Midlands and by 5% in the West Midlands.
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