House prices rose by just 0.9% in the year to June 2012, but sales of homes worth £1m or more nose-dived by 43% over the same period, according to official figures.
The number of properties sold in England and Wales for more than a £1m in the year to April 2012 fell from 825 to 468, the Land Registry announced in its latest house price index.
It also said prices in England and Wales rose by 0.1% in June 2012, taking the average price of a property to £161,777, just £100 more than the month before
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