UK Jan house prices surge to 6-year high

[LONDON] UK house prices rose for a 13th month in January to their highest level in almost six years as the economy gained momentum, Nationwide Building Society said.

The average cost of a home advanced 0.7 per cent from December to £176,491 (S$372,280), the most since April 2008, the Swindon, England-based lender said in a report yesterday. That is more than the 0.6 per cent increase forec…