12 July 2007The rate of house price growth more than halved in June as higher interest rates weakened demand in the property market, a report says.
The Royal Institution of Chartered Surveyors said 10.6% more of its members saw a rise rather than a fall in house prices last month.
This was down from the 22.5% more who had reported an increase in May.
The more closely watched Nationwide and Halifax studies both saw house price inflation rise slightly in June.
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