In January, the UK house price balance was minus 22 points, down from minus 19 points in December, the Royal Institute of Chartered Surveyors (RICS) reported. The indicator fell to the lowest since July 2012 level. According to the institute's forecast, in the next 3 months the maximum since February 2011 fall in prices is expected, which is due to the likely exit of the UK from the European Union without an agreement. The rate of decline in the volume of properties put up for sale in the country became maximum since July 2016, after the Brexit referendum. According to official data, the December increase in housing prices in the UK by 2.5% in annual terms was the lowest since July 2013.
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