House market prediction for 2009

Propertyfinder.com, Britain’s longest established property website, has bucked the trend and placed a prediction on the level that house prices will fall in 2009. It said that the market, which was already skewed towards buyers, would be dominated by ‘bargain hunters’ including professional buy-to-let buyers. House prices would fall by a further 12 per cent next year, but Propertyfinder insisted that the worst was over in terms of the level of house sales. It also predicts that the rental market would remain buoyant, and although falling initially at the start of the year, will begin to go up again by the end of 2009.