FILE PHOTO: An estate agent board is displayed outside a property in London, Britain July 7, 2017. REUTERS/Neil Hall/File photo
October 20, 2021
LONDON (Reuters) – British house prices in August were 10.6% higher than a year earlier, up from an 8.5% annual increase in July when there was a lull in sales as a property tax break began to be phased out, official figures showed on Wednesday.
House prices recorded growth of 12.8% in June, the highest since before the 2007-08 financial crisis, when buyers sought to take advantage of a reduction in stamp duty on property purchases in England and Northern Ireland.
(Reporting by David Milliken, editing by Andy Bruce)