U.K. House Prices Rise Most in Six Years on London Demand Surge
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U.K. house prices rose the most in six years this month as a shortage of properties boosted values in London, according to Hometrack Ltd.
Average values in England and Wales increased 0.4 percent, the biggest monthly increase since May 2007, the London-based property researcher said in a report today. London prices jumped 0.9 percent. Demand in the capital has surged 15 percent in the past six months, while supply has fallen 0.6 percent.