London Home Prices to Lead Gains Again in 2014, Hometrack Says

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U.K. house prices rose in December and will extend gains in 2014, led by London and southeast England, Hometrack Ltd. said.

Values across England and Wales increased 0.5 percent from November, the London-based property researcher said today. In 2013, prices jumped 4.4 percent, rebounding from a 0.3 percent decline the previous year. London and the southeast registered the highest growth, up 9.1 percent and 5 percent respectively. Prices in northern England fell 0.5 percent.