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UK House Price Balance Rises Unexpectedly In August: RICS

The house price balance in the United Kingdom rose unexpectedly in August, the latest survey from the Royal Institution of Chartered Surveyors showed on Thursday.

The house price balance rose to +6.0 in August from +1.0 in July. Meanwhile, it was expected to remain flat during the month.

Although signaling a return to growth, this measure is consistent with only a marginal rise in national prices, RICS said.

The London price gauge remained stuck firmly in negative territory, posting the weakest reading since 2008.

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