What next for house Prices?

Last week The Telegraph asked a panel of industry experts if they agreed confidence in the housing market had strengthened. RICS Chief Economist Simon Rubinsohn said, “I think that confidence has improved since the end of the year but it remains fragile and has a strong regional dimension. Our headline forecast remains unchanged with prices projected to be two percent lower in the last quarter of 2011 compared with the same period in 2010. However, there will be significant regional variation with London the only area to be slightly up”.