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Friday 27th August 2010
House price inflation easing off, Land Registry shows
All surveys suggest that price rises are running out of steam House price inflation in England and Wales is running out of steam, according to the latest figures from the Land Registry.
Although prices rose by 0.4% in July, the annual rate of increase fell back from 8.5% to 6.7%.
The figures chime with those of other surveys which have also suggested that prices have reached a plateau.
The average house price in England and Wales went up to £166,798, just £1,864 higher than in January.
The annual rate of house price inflation has now fallen for two months in a row, after picking up for the previous 15 months
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