Economics
London 20% Gain Pushes Up U.K. Home Values Most Since 2010
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London house prices surged the most since 2002 in May, pushing an index of values across the U.K. to a record, the Office of National Statistics said today.
House-price inflation across the country quickened to 10.5 percent in May from a year earlier, the biggest acceleration since May 2010, the ONS said. London property values showed the highest levels of growth in the U.K., rising to 20.1 percent. Excluding London and southeast England, house prices rose 6.4 percent, the largest increase since 2010.