| U.K. house prices rose in January as strains in the mortgage market eased and funding costs fell, Acadametrics Ltd. said. The average price of a home in England and Wales increased 0.2 percent to 227,478 pounds ($357,300), Acadametrics and LSL Property Services Plc said in a monthly report published in London today. From a year earlier, values gained 3.1 percent.
The Bank of England’s Funding for Lending Scheme has shown “encouraging signs,” though it’s still early days to gauge its success, Governor-designate Mark Carney said..............................................Full Article: Source
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