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House prices in the United Kingdom rose for the fourth straight month in November, a barometer of sentiment in the residential property market showed on Tuesday.
The house price balance index from the Royal Institution of Chartered Surveyors (RICS) increased to 35 points in November from 34 points in October. Economists had expected a reading of 39 points. The survey subtracts the percentage of surveyors reporting falling prices from those reporting rising prices.
RICS said the reading was the highest since November 2006 and also marks the fourth straight month in which house prices have risen.
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