PHOTO: North Yorkshire, England 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.
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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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