House prices in Britain rising at slowest rate for seven years

Steep declines in London and south but weak wage growth still cuts out younger buyers

House prices in Britain are rising at the slowest annual rate for seven years as Brexit uncertainty dampens consumer demand.

Dragged down by steep declines in London and the south, national house price growth for the country at large dropped to 0.7% in July from 1.4% a month earlier, hitting the slowest growth rate since 2012, said the Office for National Statistics.

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