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Odpm: House Price Growth Slumps In August

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ODPM: House price growth slumps in August

According to the Royal Institution of Chartered Surveyors, the body representing the interests of Britain's surveyors, this means that the pace of house price growth is now running at its slowest level for more than nine years.

As it reacted to today's figures, RICS said that, despite the fall, its members were suggesting that enquiries from prospective house buyers had risen since August, spurred by an interest rate cut by the Bank of England.

As it digested the findings of today's survey, RICS noted that: "House price rises are now below 1 per cent per annum in all the southern English regions, while remaining above 5 per cent in the northern English regions and Wales.
"While this means that a sharp correction in house prices currently looks very unlikely, we remain sceptical that house prices are set to see sustained sharp rises anytime soon."

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  • 301 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?

      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%

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