Property prices will continue to fall as homeowners seek to sell

Home owners have sat waiting for a year wanting to move from a property.

"It's too small, wrong location, not enough light, we want somewhere with better access to the garden, I want a quieter street, somewhere more rural, my neighbours are driving me mad ........"

The problem is not many of them have been ready to drop their prices to meet the economic shift.

As another year ticks by people frustrations will rise and asking prices will drop to achievable levels as homeowners decide they need to get on with their lives.

The Halifax price increases seen last month will be seen as a blip as prices drop as more and more sellers come to terms with the 'new values' of their properties.