House price rises in Oxfordshire are still rising, say local estate agents, despite a report that the South East is experiencing a slowdown.

A spokesman for the Royal Institution of Chartered Surveyors said: "High prices are beginning to have an impact as affordability becomes an issue."

But estate agents in Oxfordshire said the price increases seemed to be unstoppable.

Stephen Christie Miller, of FPD Savills, said: "Our researchers are predicting six per cent across the board and, with the shortage of supply, I think that will certainly be the case here."

He said price rises in North Oxford could reach ten per cent because so few properties came on the market, and demand was rising.

In December, a house in Chadlington Road sold for £2.75m, equivalent to Kensington prices, he said. William Kirkland, of Cluttons, agreed, saying that in the past three to four weeks, houses had been selling for more than the guide price.

"A house in Kingston Road sold within two weeks -- there was a flood of interest -- because it was one of the only ones available there," he said.

"We are confident that prices will continue to rise over the three-month period."

He said fears of interest rate rises were affecting the buy-to-let market.

But he said that otherwise, price rises were inevitable because of the lack of supply.

He said: "A lot of people are sitting on the fence saying they are not going to sell until they find the right thing.

"But there is a high demand in Oxfordshire because it is not just a local market.

"London people view it as a commercial transaction and they are more determined."