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Chart of the Day: Stress in UK property market

This chart shared by Financial Times from Rightmove property survey shows that since the referendum took place in June, the asking prices in the property market declined in three of the five months. in July report, it declined by 0.9 percent, by 1.2 percent in August and by 1.1 percent in November report.

It is quite evident that the situation is not dire in the housing, at least not as compared to the doom gloom scenario predicted earlier.

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