London Leads House Prices to Two-Year High, Acadametrics Says
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U.K. house prices rose to a two-year high in September as demand picked up in London and the property market showed signs of peaking, research company Acadametrics Ltd. and LSL Property Services Plc said.
The average price of a home in England and Wales rose 0.2 percent from August to 223,965 pounds ($357,000), the highest since July 2008, the companies said in an e-mailed statement in London today. Values were up 7 percent from a year earlier.