Further Signs of a Cooling U.K. Housing Market

The perceived value of homes in the U.K. rose at the slowest rate in five months in August, in what may be the latest sign house price growth in the country is finally starting to subside.

This was the third month in a row where households’ expectations of house price rises fell, according to estate agent Knight Frank and data company Markit.

These figures “suggest that the price exuberance seen in some corners of the market is easing,” Gráinne Gilmore, head of U.K. residential research at Knight Frank, said in a statement.

CNBC

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