London Luxury-Home Values Rise at Slowest Rate Since 2009

Luxury-home values in central London rose at the slowest pace in about four years last month as high asking prices deterred buyers.

The average value of a house or apartment in the U.K. capital’s most expensive neighborhoods climbed 6.8 percent in October from a year earlier, according to an index compiled by Knight Frank LLP, a London-based broker. That’s the smallest increase since December 2009, when prices rose 6.1 percent.