Both the Nationwide and the Halifax are cautious in their views, many analysts and property pundits are following the heard and predicting that prices are starting to flatten out. There are now some brave commentators who suggest prices could end 2009 with an annual rise as high as 5%. This would mean that the average house in the UK would have seen annual gains in excess of £5,000 pounds.
No one can predict the future but it is looking increasing certain we may be near the bottom. If the brave are correct, the increasing numbers of professional property investors returning to the market could look forward to some potential impressive investment gains.