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U.K. Property Shows No Sign of Cooling After Year of Price Gains

By Tony Seruga

Growth puts 300,000-pound average price in sight for 2016
Prime London market suffers after 2015 property-tax changes

U.K. house prices rose for a 12th straight month in December and may hit an average 300,000 pounds ($433,000) this year if the current rate of growth continues, according to LSL Property Services Plc and Acadata.

Average values rose 0.6 percent last month to a high of 292,077 pounds, the groups said in a report on Thursday. An imbalance between supply and demand is driving price growth, with values jumping 6.6 percent in 2015 as a whole…

U.K. Property Shows No Sign of Cooling After Year of Price Gains

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