British house prices fell on election fears
Published 19/05/2015 | 02:30
Asking prices for London homes fell the most in nine months in May as concern about potential property-tax changes before the election cooled demand.
Prices dropped 2.3pc from April - led by top-priced Kensington and Chelsea - and were up 1.5pc from a year earlier, property website operator Rightmove said yesterday.
That's the smallest annual gain in more than four years.
Across the UK prices slipped 0.1pc, the first decline in a May since the last general election in 2010.
Concerns in the run-up to the election surrounding housing policy proposals particularly from the opposition Labour Party unnerved buyers and fewer homes hit the market, Rightmove said.