London Boom Pushes U.K. House Prices to Four-Year High

From bloomberg.com

U.K. house prices increased to a four-year high in July as London’s booming property market widened its divergence with the rest of the country, Acadametrics Ltd. said. The average cost of a home in England and Wales rose 0.2 percent from June to 225,769 pounds ($353,000), the most since June 2008, Acadametrics and LSL Property Services Plc said in a report published in London today. Prices climbed 3.2 percent from a year earlier. “This month we report stunning growth in some London boroughs,” Peter Williams, chairman of Acadametrics, said in a statement. “The Greater London housing market is another ... (full story)