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London Leads House Prices to Record in Post-Election Surge

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Asking prices for London homes surged to a record this month, with gains led by the city’s most expensive districts after the Conservative Party’s election victory.

Prices rose 5.7 percent to more than 600,000 pounds ($930,000), with Kensington and Chelsea up 25 percent, property website operator Rightmove said on Monday. Nationally, asking prices increased 3 percent to 294,351 pounds, also a record.