House Prices Fall at Their Fastest for Two Years

Summary


HOUSE prices fell at their fastest rate for more than two years last month, as would-be buyers continued to stay away from the market.

The Royal Institution of Chartered Surveyors (RICS) said the cost of property in Britain fell for the third month in a row in October, and at its fastest pace since July 2005. But it said a shortage in the number of homes being put up for sale was continuing to prop up the market.

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Extract


House Prices Fall at Their Fastest for Two Years

Separate figures from the government showed that hous...

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