(Bloomberg) -- U.K. house prices rose at the slowest
pace in a year in May, a sign higher interest rates may be
starting to cool Britain's property boom, the Royal Institution of
Chartered Surveyors said.
The number of real-estate agents and surveyors reporting
higher home values in England and Wales outnumbered those showing
declines by 23.9 percentage points in the quarter through May, the
least since April 2006, the organization said. In London, the
balance fell to a three-month low.
Read more at Bloomberg Bonds News
pace in a year in May, a sign higher interest rates may be
starting to cool Britain's property boom, the Royal Institution of
Chartered Surveyors said.
The number of real-estate agents and surveyors reporting
higher home values in England and Wales outnumbered those showing
declines by 23.9 percentage points in the quarter through May, the
least since April 2006, the organization said. In London, the
balance fell to a three-month low.
Read more at Bloomberg Bonds News
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