Economics
U.K. House Prices Post Record January Jump After Election
- Asking prices rise by 2.3% this month, Rightmove report says
- Johnson victory provides temporary relief from uncertainty
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Asking prices for U.K. homes increased by the most for any January on record in a sign that the Conservatives’ December election win boosted confidence, according to property website-operator Rightmove.
Values increased 2.3% on the month to an average 306,810 pounds ($400,000) Rightmove said in a report Monday. In London, they gained 2.1% from a month earlier, a departure from the years of Brexit-related uncertainty that disproportionately affected prices in the capital. Both upswings were the largest for the time of year since the house-price index started in 2002.