Buyer demand drops but record low stock props up house price growth – RICS

House prices are still rising, but the pace of growth is cooling as buyer demand slows.

"It is little surprise that housing market activity is now losing some momentum," says the RICS - but most surveyors "still anticipate prices will be modestly higher than current levels in a year’s time.

Top agency's August market snapshot tells of easing buyer demand across the country - but there's a "strong appetite" for higher-value homes in prime London.