House prices are set to drop over the next year due to surging mortgage rates with a chief economist saying "storm clouds are visible".
The market lost momentum in September, with new buyer enquiries falling for the fifth month in a row, the Royal Institution of Chartered Surveyors (Rics) said.
A limited supply of properties for sale is still supporting modest price rises, but this looks set to end as the pace of growth slows markedly, the latest report from Rics indicated.
