London house price growth to slow in 2014

[LONDON] The London housing market will cool next year as a proposed tax on property sales limits demand from overseas buyers, Rightmove Plc said.

Asking prices in the capital will increase 6 per cent after gaining 10.6 per cent in 2013, the UK's biggest property website said in a report which was published yesterday.

Prices nationally will rise 8 per cent, up from 5.4 per cent this year.