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mpc: 18 There was some evidence that the housing market was stabilising. An average of the lenders' indices was unchanged in February and house prices appeared to have remained more or less flat for the past few months. Indicators of activity in the housing market were mixed. On the one hand, the Royal Institution of Chartered Surveyors survey had shown that new buyer enquiries had stopped declining. On the other hand, the ratio of estate agents' sales to stocks and mortgage loan approvals had both fallen.

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