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Evening Standard
Evening Standard
Business
Prudence Ivey

London house prices: property market rises year on year but beginning to slow

The average asking price of a home in London is £682,000, a very slight drop on last month as the property market frenzy of the past two years starts to ease.

Affordability constraints, more homes being put up for sale and a traditional summer lull are behind the 1.1 per cent price drop in the capital, according to Rightmove.

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