HOUSE prices in the region continued to rise in November, although at a slower rate than earlier in the year, according to the latest Royal Institution of Chartered Surveyors (RICS) UK housing market survey.

The market absorbed theinterest rate rise, sustained by the turbo-charged financial services sector, boosting the markets of the South East and London. The rise in South East prices remains three times the survey’s long run average rate.

RICS South East regional director Trevor Hines said: "The Bank of England’s rate rises have failed to dent the housing market’s armour. Strong employment conditions and a robust economy continue to shield the market from any dip.

"While concerns remain about high consumer debt levels, households still view their finances as strong."