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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