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UK house price growth eases in February

Strong expectations for rising prices and activity suggest recovery still has a long way to run: poll

Published Thu, Mar 13, 2014 · 10:00 PM
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[LONDON] British house prices rose at the slowest pace in six months in February, but strong expectations for rising prices and activity suggest the housing market recovery still has a long way to run, a survey showed yesterday.

The Royal Institution of Chartered Surveyors (Rics) said that its main house price balance measure eased last month to +45, its lowest since August, from +52 in January, downwardly revised from +53 reported earlier.

February's reading was below all forecasts in a Reuters poll of economists that predicted an unchanged balance of +52.

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