House prices in UK weaken
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House prices in UK have trended down so far in 2011, after a short-lived surge last year. Average UK house prices were 0.31% down (-5.42% in real terms) during the year to end-Q1 2011, according to Nationwide. Surveyors continue to report falling prices, say the Royal Institution of Chartered Surveyors (RICS).
Forecasting the UK’s housing is now extraordinarily difficult:
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