And it goes like this:

* For most of the country, 2005 was a year of stagnation or slight property price retreats of an average of 1.3%
* The exceptions were mainly in the north of England... oh, yeah, and central London and the City, which led price increases with a still blushingly modest 1.8% increase
* Milton Keynes wins the booby prize, with over production of houses and weakening demand resulting in a 7.2% drop from December to December