London home prices rise amid shortage

[LONDON] Asking prices for London homes rose to a record this month as values increased in all but one of the capital's 32 boroughs, according to Rightmove Plc.

Prices in the UK capital climbed 3.6 per cent from March to an average £572,348 (S$1.2 million), taking the gain from a year earlier to almost 16 per cent, the website operator said in an e-mailed report yesterday.…