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U.K. House Prices Reach Five-Year High as London Lead Widens

Article taken from Bloomberg on April 12,2013

Written by Fergal O’Brien

London’s property market powered a seventh month of increases in U.K. house prices in March as values reached a five-year high, according to Acadametrics Ltd.

The average cost of a home in England and Wales rose 0.2 percent on the month to reach 230,078 pounds ($354,000), Acadametrics and LSL Property Services Plc (LSL) said in a monthly report published in London today. Excluding the capital, prices fell 0.1 percent on the month.”

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