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Mixed news on UK property prices

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Mixed news on UK property prices

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Average house prices in Britain are likely to fall by a further 12 to 14 percent this year according to the latest residential market forecast by property services firm Jones Lang LaSalle.

However, at the same time there was a sign the UK housing market may be stabilising as the British Bankers’ Association said the number of home loans approved in April fell again but at its slowest annual rate in almost two years.