U.K. House Prices Climb to Record as Shortage of Homes WorsensBy
Average value now 300,000 pounds, says Acadata/LSL report
London one of the worst performers among 10 regions in 2016
The average price of a U.K. home hit a new record in January, continuing an upward trend that’s in part being driven by a supply-demand imbalance.
The 0.3 percent increase in values lifted the average to 300,169 pounds ($374,000), Acadata and LSL said in a report on Monday. Annual growth was 3.1 percent, and prices are now double what they were in 2002…
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