UK home prices tumbled by 1% in March

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Source: Forexfactory
The average house price in the UK declined by 1% this month while taken annualized rate home prices decreased by 0.9% in March. Experts say the fall was expected as the duty stamp easing that boosted the demand in the beginning of 2012 has expired.  However, in case the overall outlook improves and the government's stimulating measures prove to be successful, the property market may recover.

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