Pursuits
U.K. House Prices Hit Record High as Squeeze Leads to 'Extremes'
- Supply of properties for sale down 6% vs September 2014
- BOE Financial Policy Committee will meet on Sept. 23
Aerial Views Of Residential Properties In South East England
Photographer: Chris Ratcliffe/BloombergThis article is for subscribers only.
London led asking prices for U.K. homes to an all-time high in September, reflecting a continuing shortage of property for sale and strong demand from wealthy buyers.
Values sought in the capital rose 2.2 percent from August to 620,003 pounds ($964,000), property-website operator Rightmove Plc said in a report published Monday. Nationally, they climbed 0.9 percent to 294,834 pounds. The average 2,550-pound increase across the country was the largest for 13 years.