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Reuters
3 minute read
A Union flag hangs across a street of houses in London, Britain June 3, 2015. REUTERS/Suzanne Plunkett
LONDON, July 19 (Reuters) - Asking prices for British homes rose by 0.7% between mid-June and early July compared with a month earlier, the biggest rise for the time of year since 2007 despite the scaling back of a tax break for buyers on July 1, property website Rightmove said.
The increase was aggravated by a shortage of properties on the market and pushed average asking prices to a record high for the fourth month in a row, Rightmove said. Asking prices have risen by 6.7% over the past six months.