"The Greater London housing market is another country compared with the remainder of the U.K."
- Peter Williams, chairman of Acadametrics
U.K. house prices rose in July to the highest level since 2008 helped by increased property prices in London, said the Acadametrics Ltd. The average cost of a home in the U.K. rose to 225,760 pounds, up by 3.2 per cent from the same period the previous year.
"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 country compared with the remainder of the U.K." and "is likely to continue to move further out of line with all or most of the market in the rest of England and Wales."
The FTSE 100 Index rose 0.10 per cent, or 5.59 points to 5,851.51. The broader FTSE All-Share Index climbed 0.13 per cent.
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