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Brexit casts shadow over UK housing market outlook - RICS
Brexit uncertainty is likely to press down on house prices and the volume of property sales over the next three months, a closely watched industry survey showed on Thursday. The Royal Institution of Chartered Surveyors said its headline price balance for August rose to -4 from -9 in July, bucking economists’ average expectation in a Reuters poll for a further decline to -11. But RICS members’ outlook for the next three months – during which period Britain is scheduled to leave the European Union – grew darker. Sales volumes expectations for the next three months dropped to -23 from -4, while short-term ... (full story)