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Slowdown for house price rises

13 April 2012

THE housing market bubble will not burst next year, the Royal Institution of Chartered Surveyors predicted today.

But it says rising interest rates will lead to a slowdown in the growth rate. The South East will be the most subdued market, with rises averaging only 5%.

Nationally, prices will go up by 6%, compared with the 11% RICS expects for 2003.

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