Property price index in the UK fell in April to a 5 year minimum

Property Price Index in the UK in April fell to its lowest level since November 2012 - minus 8 points, according to Bloomberg, citing data from the Royal Institution of Chartered Surveyors. The largest price decrease was observed in London and the south-east of the country, which was due to tax changes and the decision to leave the UK part of the European Union. The rise in property prices was recorded in Scotland and Northern Ireland. Almost 70% of the participants in the RICS survey noted that property worth more than 1 million pounds sterling is sold at a price lower than the requested one.

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