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Britain's House Prices Could Come to a Standstill in 2018

  • RICS says price growth in regions will offset falls in London
  • Nationwide report sees prices remaining broadly flat
Colorful facades of residential houses stand in Chelsea, west London, U.K., on Thursday, Nov. 16, 2017. London's housing market is being battered from all sides. A survey by the Royal Institution of Chartered Surveyors showed a price gauge at its lowest level for seven years, and far below the national average.
Photographer: Chris J. Ratcliffe/Bloomberg
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U.K. housing experts predict the nation is in for a year of stagnating prices in 2018.

Overall growth will come to a halt as the number of transactions falls slightly, the Royal Institution of Chartered Surveyors said in a report Wednesday, with a continued dearth of supply preventing outright declines. Some regions are set to see gains, offsetting slumps in London and the southeast. Political and economic uncertainty, tax changes, a lack of stock, stretched affordability and the Bank of England’s rate hike in November are all influencing factors, according to the report.