UK house price growth weakens in Q3 2010
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Residential property price increases weakened in Q3 2010 in the UK, with planned spending cuts looming, and a tight mortgage market. The Bank of England is warning of house price falls in 2011.
UK house prices bottomed out in early-2009, after falling for two years. But now the recovery of residential property prices seems to be running out of steam, as suggested by property price changes reported by major housing agencies in Q3 2010 (all figures are seasonally-adjusted):
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