Corrects the first sentence
U.K. house prices increased 1.1 percent in April from the prior month, a report published by Halifax showed Wednesday. Economists were expecting prices to remain flat after rising by a revised 0.4 percent in March.
Prices in the three months to April were 2 percent higher than in the same three months a year earlier. This was the fourth consecutive rise in the annual measure with a pick-up from 1.1 percent in March, to the highest rate of increase since September 2010, it said.
From the previous three months, house prices gained 1.3 percent during three months to April.
"Weak income growth and continuing below-trend economic growth are likely to remain significant constraints on housing demand during the remainder of 2013," Martin Ellis, housing economist at Halifax said.
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