London Leads U.K. House Price Increases as Item Club Sees Bubble
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London led an increase in U.K. home prices last month, a report showed today, as Ernst & Young LLP’s Item Club said the city’s property market risks overheating.
Home values in the capital rose 0.6 percent from December compared with a national gain of 0.3 percent, Hometrack Ltd. said in an e-mailed report in London today. In a separate release, Item Club said the London housing market was beginning to show signs of “bubble-like conditions.”