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The market should remain sluggish, therefore, and concentrated, as in 2013 on "second-time buyers". The rate of fall in prices in the pre-owned sector looks set to accelerate slightly, at -4% yoy, due to higher lending rates, for a cumulative fall of 7% between end-2011 and end-2014.
ECO Focus - Edition February 13, 2014
MPC's CPI inflation projections
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