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London Leads U.K. Home Prices to Record as Sales Rise

London’s property boom drove U.K. house prices to a new record in July as transactions reached the highest in four years amid improving confidence, Acadametrics Ltd. said.

British home values increased 0.3 percent from June to an average of 232,969 pounds ($362,300), the London-based real-estate researcher and LSL Property Services Plc said in a report today. While prices climbed 2.6 percent from a year earlier, the increase was 1 percent if London is excluded from the index.