25.03.2013 - U.K. house prices rise most in three years on London surge
U.K. house prices rose the most in three years this month, led by a surge in London, as demand outstripped supply. Average values in England and Wales increased 0.3 percent, the biggest advance since March 2010, property researcher Hometrack Ltd. said. In London, prices jumped 0.7 percent, the most since February 2010. The Bank of Englandís Funding for Lending program has helped ease credit conditions, while plans announced by the government last week to assist prospective homebuyers will also support the market, Hometrack said...............................................Full Article: Source
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