London homes' asking prices rise most in year

London

LONDON home-sellers raised asking prices by the most in more than a year this month as a seasonal surge in demand led a rebound in the capital's property market.

Values in the city increased 7 per cent from September to a record average £596,692 (S$1.23 million), the biggest jump since October 2013, property website Rightmove plc said on Monday. The gain left prices 0.6 per cent higher than in May, when they were at their previous high, after falling in three of the previous four months.