The second report of the day, this one comes courtesy of the Land Registry and so carries some scientific weight and it shows prices falling by 0.2% from April into May, clawing back previous gains in the annual house price inflation rate, from 8.5% to 8.2%. In London, however, that figure's at 14.2%. In fact, there's considerable regional variation, with prices up 0.9% on the month in the South East, but dropping back 3.6% in the East Midlands.

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