U.K. House Prices Stop Falling as Demand Revives, Hometrack Says
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U.K. house prices stopped falling in April for the first time in 10 months as demand for homes picked up, Hometrack Ltd. said.
The average cost of a home was unchanged from March at 153,100 pounds ($255,000), the London-based property researcher said in an e-mailed report today. Prices in London climbed 0.3 percent. Demand as measured by prospective buyers registering with realtors has risen 22 percent so far this year.