May 20, 2020 / 8:53 AM / 9 days ago

UK house prices perked up before coronavirus hit

FILE PHOTO: Property sale signs are seen outside of a group of newly built houses in west London, Britain, November 23, 2017. REUTERS/Toby Melville

LONDON (Reuters) - British house prices perked up in March and rose in London at their fastest pace since December 2016 before the market effectively shut down in April due to the coronavirus lockdown, official figures showed on Wednesday.

Average house prices across the United Kingdom increased by 2.1%, up from 2.0% in February, their joint-fastest rise since November 2018, while house prices in London alone increased by 4.7%, the Office for National Statistics said.

The ONS has said it will not publish house price data for April due to a lack of transactions after estate agents had to close to the public as part of the nationwide lockdown.

Reporting by David Milliken; Editing by William Schomberg

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