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UK Dec House Price Survey Points To Marginal Increases: RICS

-UK Oct-Dec House Price Balance +8% Vs 0 in Nov
By David Robinson
     LONDON (MNI) - UK house prices rose on balance in December after turning
flat in November, a survey by the Royal Institution of Chartered Surveyors
found.
     The headline October through December house price balance rose to +8 in 
December from zero in November. The price balance for house prices in the three
months ahead fell to -6% from -4%.
     The RICS survey gives balances of those property surveyors reporting and
expecting price increases, and is a measure of the dispersion of house price
moves rather than their magnitude.
     RICS said its data were compatible "with a marginal increase in prices
nationally ... over the coming months."
     Activity indicators, measuring properties coming on to the market and
completed sales, were either flat or a touch negative, suggesting the market is
still cooling.
     New instructions to sell fell for the 23rd consecutive month while stocks
of properties on surveyors' books were little changed.
--MNI London Bureau; tel: +44 203-586-2223; email: david.robinson@marketnews.com
--MNI London Bureau; +44 203-586-2226; email: jamie.satchithanantham@marketnews.com
[TOPICS: MABDS$,M$B$$$,M$E$$$]

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