"U.K. house prices declined for a fourth month in January as higher interest rates sapped confidence among buyers, a report by Hometrack Ltd. said.
The average cost of a home in England and Wales fell by 0.3 percent, the same rate as in December, to 174,700 pounds ($346,000), the London-based research group said today. The average selling time rose to 8.5 weeks, the most since the survey of real-estate agents and surveyors began in 2001..."
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