Rics: 'No panic yet' on UK house prices

The number of UK homes sold per surveyor has more than doubled since the depth of the housing market downturn, a survey suggests.

Just over 21 sales per estate agency branch were recorded in the final three months of 2013, the Royal Institution of Chartered Surveyors (Rics) said.

Peter Bolton King, global residential director at Rics, says that although UK house prices will continue to rise this year, there was no need to "panic" yet.