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House price rises are slowing, says report

The Land Registry has revealed annual house price increases are slowing.

Its latest residential property price report covering October to December 2005 shows the average house price in England and Wales was 191,327.

That represents an annual increase of 4.6 per cent, compared to an annual increase of 11.82 per cent for the same period last year.

Sales in England and Wales were up by 12.6 per cent, compared with the same period in 2004. Sales in Greater London increased by 15.01 per cent.

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