“At best, the market will remain flat this year, at worst it is heading for further falls, especially in areas where unemployment is rising sharply,” said Nicholas Ayre, a director of Home Fusion buying agents.
“As ever, expect sharp variations from region to region. In the property market right now, the negatives far outweigh the positives and in some areas, especially those overly reliant on public sector jobs, there are very few positives at all.”