ANALYST VIEWS: WHAT NEXT FOR THE PROPERTY MARKET?

ALAN CLARKE | BNP PARIBAS
"I think it will be a year of two halves – a modest decline in prices in the first half, ending about five per cent down by mid-year: not too terrible. The market will then have bottomed out and start to regain ground."

YOLANDE BARNES | SAVILLS
"London has slowed less than other UK regions and the top end is exceptionally resilient. We believe the London market will fall only about 0.1 per cent in 2011, as it is supported
by international investors."

HOWARD ARCHER | IHS GLOBAL INSIGHT
"House prices could fall about ten per cent from peak 2010 levels, so about seven per cent more from now. Current economic conditions are unhelpful and only partially offset by low interest rates. The rate of new houses and mortgage approvals coming to market will determine how prices change next year, but the supply/demand balance remains in favour of buyers for now."