Demand for housing continues to outstrip supply in the Scottish market, according to the Royal Institution of Chartered Surveyors.

Its latest report also showed a rise in newly agreed sales, regarded as a good indicator of market activity. This has now shown a steady rate of growth since February 2013.

The survey recorded a balance of 32% more chartered surveyors reporting increases in new buyer inquiries. However, only a balance of 1% reported an increase in new instructions for properties coming onto the market in June.

In the month that saw the Bank of England introduce a 15% cap on high mortgages (4.5 times income and above), banks were perceived to be lending less. Average Loan to Value (LTV) ratios among first-time buyers dropped for the second consecutive month in Scotland to 85.4%. That figure is down from 88% in April.