The Royal Institution of Chartered Surveyors said its house price balance, which measures the difference between the percentage of surveyors reporting price rises and falls, dropped to -53 in July from a downwardly revised -48 for June.
This was the lowest reading since April 2009, during the depths of the global financial crisis, and below economists' forecasts in a Reuters poll for a drop to -50. Interest rates for the commonest type of new mortgage in Britain - a two-year fixed rate - rose to their
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