Is house price crash over?

The average will UK house price grow by 2 per cent between the fourth quarter of 2009 and the end of 2010, according to the Centre for Economics and Business Research (CEBR). There is a good chance that they will rise even more quickly, thanks to the unprecedented collapse in new homebuilding, it added. The prediction comes after Halifax reported that house prices rose by 1.1 per cent in July, the second rise in three months. The Royal Institution of Chartered Surveyors, which predicted at the start of the year that prices could fall by some 15 per cent, also said it now thought that in fact home values could actually increase in 2009.