U.K. House Prices Rise 0.3% on Pent-Up Demand, Acadametrics Says
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U.K. house prices rose in February as “pent-up demand” supported values and countered mortgage-lending constraints, research company Acadametrics Ltd. and LSL Property Services Plc said.
The average price of a home in England and Wales rose 0.3 percent from January to 222,456 pounds ($357,300), the groups said in a report in London today. From a year earlier, values fell 0.5 percent, the first annual decline since October 2009.