U.K. house prices fell for the first time in two years in October, and mortgage approvals dropped to a 26-month low, signs the country's decade-long housing boom is coming to an end.
The average cost of a home in England and Wales dropped 0.1 percent to 176,100 pounds ($361,462) from September, research group Hometrack Ltd. said today. Central London led the declines. Separately, the Bank of England said banks granted 102,000 loans for house purchase in September, the fewest since July 2005.
