London House Prices Rise as Property ‘Hot Spots’ Surge: Economy

London home sellers increased asking prices for a third month in November as the city’s wealthiest areas continued to lure overseas buyers, Rightmove Plc said.

Prices in the U.K. capital increased 1.2 percent to an average 483,709 pounds ($769,600), the operator of Britain’s biggest property website said in a report today. Properties in the city’s nine most expensive districts -- where average prices exceed 600,000 pounds -- surged 3.4 percent. Nationally, values fell 2.6 percent.