U.K. House Prices Decline to Lowest Level in 17 Months, Acadametrics Says

""The modest gains in house prices over the last 18 months have disappeared," Peter Williams, chairman of Acadametrics, said in the report. "A significant squeeze on household budgets is under way given high inflation, rising taxation and falling real incomes. If the economy's growth slows as many expect, these pressures will intensify.""