By Jonathan Davies

The UK's housing market has reached a "plateau", according to the Royal Institute of Chartered Surveyors (Rics).

Rics said the number of agreed house sales fell in August for the first time in two years. It is the latest in a confusing line of data on the housing market. The market has boomed over the past 12 months, with house prices surging to record levels.

Some, like Rics, have suggested that the growth of market is starting to slow down. Whilst other organisations have released contrasting figures which still show strong growth.

But the surveyors said prices are still expected to grow faster outside of London than in it.

"In some areas the recovery has only recently taken hold and affordability is rather less stretched," said Simon Rubinsohn, RICS chief economist.

"Significantly, members now expect price gains over the next year to be faster outside of the capital, than in it."

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