It's hardly a crash... annual inflation at 13.2% (up from 13.1% in May)... but, month-on-month, over-heated London property rose slower than the national average (0.7%, compared to 0.8% nationally). The annual figure dropped, too, from 24.8% to 23.1%, and more than half of London boroughs showed a fall. Rightmove point to a market flooded by new vendors, all eager to beat the deadline to avoid paying (imaginary) HIPs fees.

Market report - RICS, market slows [June 14, 2007]

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