U.K. July House Prices Increase Most in Four Months

U.K. house prices rose the most in four months in July as record-low interest rates and the economic recovery boosted demand for homes, Halifax said.

The average cost of a home increased 0.6 percent to 167,425 pounds ($266,540), reversing a decline in June, the mortgage lending division of London-based Lloyds Banking Group Plc said in an e-mailed statement today. From a year earlier, prices rose