London Leads House Prices to Three-Month High, Acadametrics Says
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U.K. house prices rose to a three-month high in August as cash-rich buyers in London boosted demand in the capital, Acadametrics Ltd. and LSL Property Services Plc said.
The average price of a home in England and Wales gained 0.3 percent from July, a second monthly increase, to 219,078 pounds ($352,000), the groups estimated in an e-mailed report in London today. Values are down 2.2 percent from a year earlier.