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U.K. House Prices Hit a Record in Buying Frenzy, Rightmove Says

  • Low interest rates and tax break help fuel purchases
  • ‘Robust’ activity expected to continue as buyers seek space
Devonport Freeport Low-Tariff Business Zone
Photographer: Jason Alden/Bloomberg

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U.K. house prices surged to a record this month with a tax break on purchases and rock-bottom interest rates prompting a “buying frenzy,” the property website Rightmove said.