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U.K. Property Sellers Keep Upper Hand as Supply Squeeze Persists

  • RICS says shortage of homes will drive values higher this year
  • More pain for house hunters and tenants facing income squeeze
Homes in Birstall, U.K.

Homes in Birstall, U.K.

Photographer: Darren Staples/Bloomberg

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House prices are rising strongly across the U.K., underpinned by an acute shortage of homes for sale, according to the Royal Institution of Chartered Surveyors.