Economics
U.K. House Prices Rise as Improving Economy Bolsters Demand
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U.K. house prices rose in the second quarter as an improving economy and rising confidence bolstered demand for property, according to Halifax.
Values increased 2.3 percent in the three months through June to an average 183,462 pounds ($314,200), the Lloyds Banking Group Plc mortgage unit said in a statement today. While prices dropped 0.6 percent from May, they jumped 4 percent that month, the most since October 2002.