Sales market ‘continuing to lose ground’ while rentals remain hectic – RICS

'An important message coming back from RICS agents is around ensuring prices are set with an eye on the market conditions of today, rather than the recent past,' says the Institute's Chief Economist;

Surveyors reported a dip in home-buyer demand last month, but most other property market indicators continue to improve from last year's low-point.

Surveyors expect the weak sales market to continue for 'a while longer', before more stability returns.