London leads UK home prices to all-time high

London

LONDON led asking prices for UK homes to an all-time high in September, reflecting a continuing shortage of property for sale and strong demand from wealthy buyers.

Values sought in the capital rose 2.2 per cent from August to £620,003 (S$1.4 million), property-website operator Rightmove plc said in a report published on Monday. Nationally, they climbed 0.9 per cent to £294,834. The average £2,550 increase across the country was the largest in 13 years.