UK House Prices To Increase Slightly This Year: RICS

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House prices in the UK are set to be slightly higher by the end of this year compared to last year, the Royal Institution of Chartered Surveyors or RICS said in a report Thursday. This is in contrast to the institution's earlier prediction of a fall of between 10% to 15%.

However, RICS said its expectations did not indicate a quick return to the boom time, as activity remained very weak by historical standards.

(Market News Provided by RTTNews)