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Asking Prices for UK Homes Slip in November: Rightmove By Reuters | Nov. 14, 2021 Save More U.S. News & World Report More Reuters FILE PHOTO: Property estate agent sales and letting signs are seen attached to railings outside an apartment building in south London, Britain, September 23, 2021. REUTERS/Hannah McKayREUTERS LONDON (Reuters) - Asking prices for British homes slipped by 0.6% this month as the market entered its usual lull ahead of the Christmas holidays, but they are expected to resume their rise next year, a survey showed on Monday. Online property portal Rightmove said the average asking price, which is not adjusted for seasonal variations, stood at 342,401 pounds ($459,057) in November - up 6.3% in annual terms. Asking prices have fallen in each November since 2007 as the market enters an end-of-year slowdown before activity picks up again after the holidays. "That is likely to push prices higher again, and increase the competition from other buyers," said Tim Bannister, Rightmove director of property data. A survey of chartered surveyors last week showed house price inflation in Britain picked up last month, propelled by a shortage of sellers that also suggested further price rises lay ahead. Other surveys have similarly pointed to continued house price growth since July when a year-long exemption from the stamp duty tax on house purchases was halved in scale in England and Northern Ireland and expired altogether in Wales. Scotland ended the incentive in April and it expired in its entirety in England and Northern Ireland at the end of September. ($1 = 0.7459 pounds) (Reporting by Andy Bruce; Editing by William Schomberg) Copyright 2021 Thomson Reuters. Tags: inflation, United Kingdom, Europe Comparative assessments and other editorial opinions are those of U.S. News and have not been previously reviewed, approved or endorsed by any other entities, such as banks, credit card issuers or travel companies. The content on this page is accurate as of the posting date; however, some of our partner offers may have expired. Subscribe to our daily newsletter to get investing advice, rankings and stock market news. See a newsletter example. Email address YOU MAY ALSO LIKE 7 Electric Vehicle ETFs to Buy Electric vehicle stocks and battery plays have big potential. Jeff ReevesNov. 19, 2021 7 Tips for Handling Client Onboarding Financial advisors should formulate a plan to captivate new clients from square one. Cameo RobersonNov. 19, 2021 9 Best Retail Stocks to Buy Analysts see holiday shopping opportunities in retail sector stocks. 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