Asking prices rose 0.7% in May - according to Rightmove - after a 2.6% increase in April, leaving the annual rate of increase at 4.3%, down from 6%. In London, asking prices actually dropped in the month - despite all that chat about Euro- and Dollar-rich foreign buyers plundering the London market - by 0.4% in May, leaving the annual change at 5.7%. In accompanying comment, the suggestion is that a rush of vendors hasn't been met by a rush of buyers able to proceed.

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