London housing market rebound props up UK home prices

London

UK house prices extended their longest stretch of gains since before the financial crisis as London rebounded from a slowdown earlier in the year, according to Acadata and LSL Property Services.

The average value of a home in England and Wales rose 0.8 per cent to £280,733 (S$578,300), the 17th consecutive month of increases, the groups said on Friday. That's the most since more than two years of gains through October 2007.