UK home prices continue rising for the 14th month in March

[LONDON] UK house prices increased for a 14th consecutive month in March, the longest run of gains in almost seven years, as momentum spread across the country.

Values in England and Wales rose 0.6 per cent from February, with the south-west and East Anglia registering the largest increases, property researcher Hometrack Ltd said in a report published yesterday. Prices in London climbed 0.7 per cent, while 50 per cent of postcode districts reported gains.

Record-low borrowing costs and a government-incentive plan have spurred concern that the UK housing market risks overheating.