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British households become more confident about property market

Posted on 16 September 2011

Confidence that U.K. home prices will rise climbed to the highest level since July 2010 after the Bank of England signaled that borrowing costs won’t increase soon, a gauge of sentiment showed.

The index of price expectations rose to 53.6 from 48.5 in August, according to a report by Markit Economics. A reading of more than 50 indicates respondents predict prices will increase in the next 12 months, according to the survey, which was published today by real-estate broker Knight Frank LLP……………………………………….Full Article: Source


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