Index in manufacturing in Germany in August
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Expected prices in London to fall by 3% next year as the prospect of higher borrowing costs forced sellers to lower their expectations, according to a report of Hamptons International. The values in the city most likely to reach a level of 15.5% this year, which is more than twice the previous estimate.
House prices in England and Wales will reach a level of 8% this year and 5.5 percent in 2015, according to the Hamptons. Realtors expect prices in the most expensive neighborhoods of London, Kensington, Chelsea and Westminster to rise by 10% this year, compared with September home market forecasts of 3%. Growth next year will amount home market to 3%, according to the company.
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