The National Association of Estate Agents is predicting a stable housing market for 2005.
NAEA figures show at the end of 2004, house prices on average will be 6 per cent higher than the previous year.
But is is not expecting there to be any significant drop in prices. If anything, the NAEA says activity is likely to pick up in early 2005 when buyers begin to return to the market and see prices stabilise once more.
NAEA chief executive Peter Bolton King says: “In short, once again the housing market is set to disappoint those anticipating the fireworks of a crash. Stabilisation is the most we can expect, with 2005 more likely to see a more sensible house price growth of around 3 per cent.”