London Drives House Prices to Record as Buyers Flock to Market
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London prime property buyers “pouring” money into the U.K. capital helped drive the country’s house prices to another record in June, Acadametrics Ltd. said.
Nationally, values rose 0.2 percent from May and 2.5 percent from a year earlier, the London-based real-estate researcher and LSL Property Services Plc said in a report today. Prices have now increased for 10 consecutive months on their measure to an average 232,801 pounds ($352,000).