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Crest Nicholson has dropped its prices in the most expensive locations of London where affordability is most stretched.
It is when Argentines hoping to treat their families to holiday gifts and meals feel most stretched and summer heatwaves trigger power cuts.
Nigel Edwards, the chief executive of the Nuffield Trust, said the situation could deteriorate further in the next two weeks, when the NHS was usually most stretched.
Nationwide said the slowdown in prices was not confined to London, where affordability has become most stretched for would-be buyers.
In Italy and the Netherlands the pace of decline has quickened; in France prices are now edging down after a brief recovery.European valuations are most stretched in France, by as much as 50% judging by rents and by 35% on the basis of incomes.
More than half admitted that the running cost of their first home was also more than expected, prompting the service to warn buyers: "You can afford your mortgage, but can you afford your home?" Affordability is most stretched in London and the south-east.
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Its conclusion, that the research to date is inadequate to answer most stretching questions, still holds.
The lesson was obvious: the thing that I resisted most, stretching, was the thing I needed to embrace.
Do the most stretching exercises you can.
On most stretches of the Italian toll highway network there is no speed limit.
The Acela travels at 125 miles per hour on most stretches between New York and Washington and at 150 mph between New York and Boston.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com