UK housing market settles down post-Brexit, says Rics

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Activity in the UK housing market has "settled down" after a Brexit surprise, surveyors say, with sales and prices expected to rise in the coming months.

Property sales in the aftermath of the referendum dropped sharply, but had now stabilised, the Royal Institution of Chartered Surveyors (Rics) said.

Its members predict that house prices will increase by 3.3% a year on average for the next five years.