house market

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No UK veto for a depressed European trend in house prices

LONDON | Here is something the British prime minister David Cameron cannot veto: the domino-effect in the house market. Residential property in the United Kingdom saw overall prices fall by 1pc in 2011. This relatively flat reading places the UK on a similar footing to several other European neighbours, as just core EMU Germany and France, and Switzerland and Norway posted rises of 5pc or more. The latest RICS European…