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By Amber Murray House prices significantly outperformed analyst expectations after the Bank of England cut its base interest rate, data from a closely watched survey from the Royal Institute of Chartered Surveyors (RICS) showed. The survey found that the UK house price balance, which measures the difference between the percentage of survey respondents reporting rising house prices and those seeing declines, turned positive for the first time since October 2022, with a reading of plus one per cent in August. This marked a significant improvement from the negative 18 per cent in July and exceede…

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