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Asking prices for homes in England and Wales fell 4.9 percent on a year ago in October compared with a 3.3 percent annual fall in September, a survey showed on Monday, as the housing market slowdown gains momentum.

Property website Rightmove said the bounce often associated with this time of year was muted, with asking prices up one percent on the month to 229,691 pounds from 227,438 pounds last month. The figures are not seasonally adjusted.

"The unparalleled events of the past few months will have long-term consequences for the UK housing market, which is unlikely to ever be the same again," Rightmove said.

All regions in England and Wales are registering year-on-year falls in asking prices. Wales saw the steepest fall, down 8 percent.

Rightmove said the average number of unsold stock per property agent eased to 76 from 78 but said that was still at historically high levels and largely down to a dearth of new sellers coming onto the market.

Source:  http://uk.reuters.com/