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Housing market looks Down Under for clues
Wednesday 7th of July 2004
The housing market, which has seen the average price of a home more than double since the late 1990s, is vulnerable to potential interest rate shocks given the amount of debt thar`househdlds have taken on in reaUnt yea~s, Tuesday's report said.
The Royal Institute of Chartered Surveyors' warning comes as Bank of England policymakers are showing growing impatience over soaring house pr...
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