London property slump drags UK home-price growth to a standstill

London

UK PROPERTY prices stagnated in July as a slump in London values spread to neighbouring areas, according to the Royal Institution of Chartered Surveyors.

After months of decline in the London housing market, largely due to prime properties in the centre of the city, prices in England's south-east had their worst performance since 2011, RICS said in a survey published on Thursday.