London home prices fall in July for 2nd month

[LONDON] Asking prices for London property fell for a second month in July as an increase in the number of homes for sale softened the market for sellers, Rightmove plc said.

Prices sought in the UK capital fell 0.4 per cent from June to an average £587,174 (S$1.25 million), the property website operator said in a statement yesterday.

Across England and Wales, prices fell 0.8 per cent, their first decline since December.