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U.K. Home Prices Dip as Sellers Rush to Capture Tax Break
- Asking bids down on month as realism creeps in, Rightmove says
- Market still booming after total shutdown earlier in the year
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Asking prices for U.K. homes slipped this month as owners sought to get sales agreed in time to benefit from a temporary tax cut.
Average advertised prices fell 0.5% from October to 322,025 pounds ($424,000), property website Rightmove said Monday. They are still up 6.3% from a year earlier, the biggest increase in over four years.