India, June 11 -- UK house prices continued to decline and sales activity indicators remained negative as challenging macroeconomic conditions weighed on demand but some measures showed signs of stabilization in the property market, the Residential Market Survey results from the Royal Institution of Chartered Surveyors, or RICS, showed Thursday.
The house price balance posted -35 percent in May, unchanged from April. However, the index suggested that the pace of decline is leveling off.
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