House prices declined at the slowest pace since June 2010

Published 10th Apr 2012

March house price dip smallest since June 2010 - RICS

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Construction workers build at a block of residential flats in west London March 27, 2009. REUTERS/Toby Melville

Construction workers build at a block of residential flats in west London March 27, 2009.

Credit: Reuters/Toby Melville
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LONDON | Tue Apr 10, 2012 1:42am BST

House prices declined at the slowest pace since June 2010 in March, helped by a better economic outlook and buying ahead of the expiry of a stamp duty exemption, a survey showed.

The Royal Institution of Chartered Surveyors' (RICS)seasonally adjusted house price balance rose to -10 from -13 in February, data showed on Tuesday, beating economists' forecasts for a tick-up to -12. Prices continued to edge down in all areas of Britain except London.

"It is possible that surveyors, as with financial markets, are now beginning to factor in less economic downside risk going forward," RICS said.

Source: ' Reuters '

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