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London property asking prices soar to a new high.

House sellers' asking prices have soared to a new high. Credit: Tim Ireland/PA Wire

The average asking price for a London property has surged past the half a million pound milestone for the first time this month, standing at £509,870 typically.According to property website Rightmove, prices in the capital are 8.6% higher than a year ago and more than double the national average.