09.09.2011 - U.K. house prices rise as cash buyers boost demand for London properties

U.K. house prices rose to a three- month high in August as cash-rich buyers in London boosted demand in the capital, Acadametrics Ltd. and LSL Property Services Plc said. The average price of a home in England and Wales gained 0.3 percent from July, a second monthly increase, to 219,078 pounds ($352,000), the groups estimated in an e-mailed report in London today. Values are down 2.2 percent from a year earlier..............................................Full Article: Source

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