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Worst shortage in 4 decades drives up UK house prices

Stock of homes per surveyor has fallen 12% this year to 52 properties


UK house-price growth accelerated for a fourth month in May as the shortage of properties for sale reached its worst level in almost four decades, a survey found.

The Royal Institution of Chartered Surveyors (RICS) said on Thursday that its price gauge increased to 34 from...

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