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London housing market rebound props up UK home prices

AFFLUENT BOROUGH: London's priciest districts are regaining momentum after the Bank of England put limits on riskier mortgage lending.


UK house prices extended their longest stretch of gains since before the financial crisis as London rebounded from a slowdown earlier in the year, according to Acadata and LSL Property Services.

The average value of a home in England and Wales rose 0.8 per cent to £280,733 (