Nov. 5 (Bloomberg) -- Luxury-home prices in London rose last month at the slowest pace since July 2005 as the prospect of job cuts and smaller bonuses deterred investment bankers and other buyers, Knight Frank LLC said.
The average price of houses and apartments costing at least 2.5 million pounds ($5.2 million) increased 0.3 percent in October from the previous month, according to an index compiled by the London-based property broker. Prices gained about 34 percent from a year earlier.
