Economics
U.K. House Prices Climb to Record as Tax Cut Stokes Market
Terraced houses in Bath, U.K.
Photographer: Jason Alden/BloombergThis article is for subscribers only.
U.K. house prices rose to a record high last month as a government incentive to buy and a desire to move out of big cities boosted demand.
Prices rose 6% from a year earlier in December to an average 253,374 pounds ($340,000), mortgage lender Halifax said Friday. On the month alone, they gained 0.2%.