The growth rate of house prices in the UK declined in June due to the fact that residential real estate in London fell at the fastest pace since September 2009. The average price of a house in London was 447 thousand pounds sterling in June, having fallen by 0.7% in annual terms. According to the Office for National Statistics, in June, house prices in the country as a whole increased by 3% after rising by 3.5% in May. Thus, the growth in property prices has slowed. The average price of a house in the UK amounted to 228 thousand pounds in June. The cost of renting private property in the country increased by 0.9%. In London, the decline was 0.3%, which is the worst performance since September 2010.
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