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London Powers U.K. House-Price Growth to Fastest for 21 Months

U.K. house prices soared the most in almost two years in February to a record as demand for homes rose and London continued to power growth, Acadata said.

Values in England and Wales increased 1 percent from January to 257,951 pounds ($431,000), the real-estate researcher and LSL Property Services Plc said today. That’s the biggest monthly increase since May 2012. All 10 regions tracked by the report registered annual growth in the most recent three months, with London jumping 10.9 percent.