Average house prices fell for the third month in a row during May, according to the Acadametrics index, the only measure which uses actual prices for every property transacted in England and Wales rather than valuation estimates or asking prices.

The scrapping of home information packs (Hips) and fears over a steep rise in capital gains tax (CGT) on second homes and buy-to-let properties propelled more homes on to the market, driving down prices for the third successive month.

Strange, houses are selling like hot cakes in my area at the moment with owners almost dictating the price.

With any luck I will be able to get enough cash together for a deposit on a flat in five years or so!

I'd love it if this "double dip" coincided nicely!