UK House Prices See Biggest Monthly Increase in A Decade

Renewed confidence in the housing market has prompted the biggest monthly increase in the asking price for a decade.

The number of new property listings in London fell 9 percent in January from a year earlier, Rightmove said. This is an "early indication that shortage of sellers and upwards price pressure will again feature in 2012," it said.

Nationally, home prices rose 1.4 percent in January from a year earlier to an average 233,252 pounds. In London, the annual price increase was 4.3 percent.

UK Property Market News