U.K. House Prices Climb to Record Even as London Sales Slow
Automobiles stand parked outside a row of residential houses in London, U.K., on Friday, April 21, 2017. Britons' confidence in the housing market stayed near a three-year low in March as sentiment toward the economic outlook soured, according to Halifax.
Photographer: Chris Ratcliffe/BloombergThis article is for subscribers only.
U.K. house prices climbed to a record last month as a slowdown in London sales was offset by a stronger market in the north of the country, according to a report by Acadata and LSL Property Services Plc.
Prices in England and Wales rose 0.3 percent from April to an average of 303,200 pounds ($386,000), despite the uncertainties of the general election campaign, the groups said in a report published Monday. Prices were up 4.8 percent on an annual basis, the biggest jump since January.