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Thursday, August 14, 2014

RICS gloomy forecast on London prices

The London property boom looks to be coming to an end.

Latest forecasts from the Royal Institution of Chartered Surveyors (RICS) predicts a meagre 1.9 percent growth over the coming twelve months.

"A range of policy initiatives adopted by the Bank of England in recent months alongside heightened expectations surrounding a turn in the interest rate cycle has clearly had an impact on sentiment in the market," said Simon Rubinsohn, RICS chief economist.

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