Economics
U.K. Home Prices Jump to Record as Sales Reach All-Time High
- Rightmove says asking prices posted 5.5% surge from a year ago
- Executives see sluggish economic recovery, Deloitte says
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Asking prices for U.K. homes climbed to a record in October as agents saw the highest number of sales ever agreed in a month amid a tax-cut fueled boom.
Advertised prices climbed 5.5% from a year earlier, the most in over four years, property website Rightmove said Monday. Average values rose 1.1% from September to 323,530 pounds ($420,000).