UK housing prices slide lower than forecast; fewer homes put up for sale
Royal Institution of Chartered Surveyors' house price index in February at five-year low
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A CLOSELY watched gauge of British house prices neared a five-year low, and sales look set to remain subdued in the months to come as fewer home owners put their properties on the market.
The Royal Institution of Chartered Surveyors (RICS) said on Thursday that its house price index fell to zero in February from a downwardly revised +7 the month before.
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