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Housing prices in the United Kingdom continue their recovery with a 0.5% monthly rise in November and 2.7% year-over-year increase. Overall, UK housing prices are now up 9% from the lows set earlier this year, but 12% below the 2007 peak. UK housing prices have fared better than those in the U.S.
Recall that housing prices in London already set fresh all-time highs this year.
(See Marketwatch article for more details)
