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Still no joy for UK housing market


Still no joy for UK housing market


House prices in England and Wales suffered their sharpest one month fall since June 2004 in August, sliding from -8 to -32 on the Royal Institute of Chartered Surveyors headline index.

The figures are close to worst-case forecasts, and the index for future house prices over the next three months also fell, from -28 to -38. Loans are hard to get, and there are fears public sector job cuts next year will also hit the market hard.

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