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UK house price growth peters out; London prices weakest since 2009

Royal Institution of Chartered Surveyors cite political tension and rate hike

Published Fri, Nov 10, 2017 · 09:50 PM
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HOUSE prices in Britain are no longer rising and in London they are falling at the fastest pace since 2009, the Royal Institution of Chartered Surveyors (RICS) said on Thursday, citing political worries and last week's interest rate hike.

RICS's benchmark house price index for Britain as a whole fell more sharply than expected to +1 in October, a level consistent with flat price growth, down from +6 in September.

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