Jan
07
U.K. House Prices Jump 1.7% as Halifax Flags Supply Squeeze
By-
Values rise 10% in December compared with a year earlier
-
`Substantial’ supply-demand imbalance to support prices
U.K. house prices surged 1.7 percent in December, according to Halifax, which said a lack of homes for sale will continue to boost values in the short term.
The average cost of a home jumped to an average 208,286 pounds ($303,500), the lender said in a statement on Thursday. From a year earlier, prices rose 10 percent. In the fourth quarter, values increased 1.6 percent from the previous three months…
U.K. House Prices Jump 1.7% as Halifax Flags Supply Squeeze
