UK home prices continue climb in April

[LONDON] UK house prices increased this month for a 15th month as the momentum in the property market spread beyond London, said.

Values in England and Wales rose 0.6 per cent, the same pace as in March, the London-based property researcher said in a statement. Some 48 per cent of postcodes recorded an increase, the highest proportion in a decade.

House prices are being driven by record-low Bank of England interest rates, a shortage of property for sale and a strengthening economy that's creating jobs. Officials have said that they're monitoring the market for signs price increases may jeopardise financial stability.