UK home prices rise at slowest pace in a year
Poll shows interest rate speculation may have dampened buyer confidence
[LONDON] British house prices rose at the slowest pace in a year in August, according to a survey on Thursday that suggested speculation about higher interest rates has dampened buyer confidence.
The Royal Institution of Chartered Surveyors' monthly house price balance fell to +40 last month, its lowest level since last August, and falling short of forecasts for +47 in a Reuters poll of economists. July was revised down slightly to +48.
Agreed sales fell for the first time since September 2012 and there was a second consecutive fall in buyer inquiries.
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