Property prices 'may have peaked'

%VIRTUAL-SkimlinksPromo%House sellers' asking prices have come "off the boil" amid signs that property values in some parts of London have hit the ceiling of what buyers can afford to pay, a property website has reported.

Rightmove said that asking prices across England and Wales were at a "virtual standstill" in June, edging up by just 0.1% or £272 on the previous month to reach £272,275 on average, compared with a stronger 3.6% monthly jump seen in May.