| A U.K. house-price index stayed negative in May as the crisis in Europe and the end of a tax exemption for first-time buyers limited demand, the Royal Institution of Chartered Surveyors said.
The gauge rose to minus 16 from minus 19 in April, which was a six-month low, London-based RICS said today, citing a monthly poll of property surveyors. A reading below zero means more surveyors saw price drops than gains last month. A measure of demand fell to a four-month low...............................................Full Article: Source
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