House prices have recovered to their level prior to the collapse of Lehman Brothers a year ago.  

The average UK home is now valued at £161,816 up 0.9 per cent on last month and 3.8 per cent over the quarter. The average London property is worth £268,847, against £263,739 in September 2008, the month in which Lehman Brothers collapsed.

Read the full article on the Times.
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