UK house prices fell further last month, but at a slower rate.

The Royal Institution of Chartered Surveyors (RICS) also reported a slight decrease in property for sale - the first such fall in eight months.

However, the choice of available properties is still 16 per cent higher than last year, indicating restrained market conditions.

This has led to surveyors anticipating modest price falls over the next three months.

House prices continue to fall slightly across the country, with the South seeing the most marked falls.

Prices in the Midlands and the North remained similar to the previous month. London prices remained static.