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London House Prices Increase 0.8% as U.K. Declines Amid Slowdown

Asking prices for London homes barely rose this month and values across the U.K. declined as the property market paused for breath, according to Rightmove Plc.

Prices sought in the capital increased 0.8 percent from October, when they surged 7 percent, to a record 601,180 pounds ($940,000), the property website said today. Across England and Wales, they fell 1.7 percent ahead of the seasonal winter slowdown, Rightmove said.