London home sellers raised asking prices by the most in two years in October, pushing values in the capital to a record. Asking prices rose 5.2 percent from September, when they increased 2.4 percent, Rightmove Plc, Britainâs biggest property website, said in an e-mailed report today. Thatâs the biggest climb since October 2009 and takes the average price to 450,210 pounds ($710,000). Separate data from Rightmove showed national home values gained 2.8 percent in October. Demand in London has been boosted by cash-rich buyers with large deposits who are benefiting from cheap mortgage rates. Rightmove said last month that prices in the city are also being supported as Europeâs debt crisis encourages investors to seek less-risky assets. âIf prices are perceived to be rising, then buyers are afraid that their dream home could move out of their reach unless they act quickly,â Rightmove Director Miles Shipside said in a statement. âThis should drive higher volumes of transactions.â Asking prices in Kensington and Chelsea, Londonâs most expensive district, rose 6.6 percent on the month, Rightmove said. The average price in the area was 1.92 million pounds. From a year earlier, national asking prices rose 1.2 percent in October to an average 239,672 pounds. In London, prices were up 7.5 percent on the year http://www.bloomberg.com/news/2011-...s-surge-most-in-two-years-to-record-high.html Once again London real estate appraisers are showing how price-fixing works in the real estate sector. Made in London.