Homes sales cooling

HOUSE prices in England and Wales edged ahead by just 0.6pc during the past month as the market continued to show signs of cooling, figures revealed today.

It was the fourth month in a row that prices have increased by less than 1pc - the first time this has happened since January last year. property website Rightmove.co.uk said if this trend continued, annual house price growth would become more closely aligned with annual wage inflation, which is currently running at between 3pc and 4pc.