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U.K. house-price index rises to six-month high on credit plan

Posted on 09 October 2012

A U.K. house-price index rose to its highest in six months in September as measures to boost credit prompted real-estate agents to become less pessimistic about the outlook, the Royal Institution of Chartered Surveyors said.
The gauge rose to minus 15 from minus 18 in August, London- based RICS said in an e-mailed report today, citing a monthly poll of property surveyors. A result below zero means more saw values drop than increase last month. A measure of price expectations also climbed to its highest since March………………………………………..Full Article: Source


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