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• Brown dismisses housing crisis fears (09 04 2008 10:15)
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• Consumer morale 'falls again' (09 04 2008 10:15)
• Bristol & West withdraws deals (09 04 2008 10:15)
• Retirees feel 'unhappy due to no longer working' (09 04 2008 10:15)
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• Brown to announce first time buyers help (08 04 2008 04:15)
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• Last 100% mortgage to disappear (08 04 2008 04:15)
• High earners 'shut out of market' (08 04 2008 04:15)

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House prices to fall, but no recession

A decline in UK house prices is predicted for the remainder of 2008, according to a poll at London's Great Housing Debate.

The debate featured 150 lenders, estate agents, brokers and economists, with just one person believing that a house price rise was on the cards.

However, the experts were unanimous in their belief that an economic recession was not the logical conclusion.

Equally, a recovery in property investment was today predicated for the second half of 2008 by Legal & General's property division.

Rob Martin, head of performance analysis & research at L&G Property, urged that investing in property remains a strong option.

"It has always been an excellent asset to include in a portfolio due its low correlation with equities and bonds and its income generating capacity," he explained.

Whilst the housing market cools, L&G, along with numerous others, are banking that property remains a strong investment option during 2008.

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