U.K. House Prices Increase the Most in More Than 2 1/2 Years
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U.K. house prices rose the most in more than 2 1/2 years in August as a resilient employment market helped overcome the impact of a shrinking economy, Nationwide Building Society said.
The average cost of a home rose 1.3 percent from July, the biggest monthly increase since January 2010, the Swindon, England-based customer-owned lender said in an e-mailed report today. The average price in August was 164,729 pounds ($260,400), down 0.7 percent from a year earlier.