Brits pessimistic on house prices

Well how times change.

There was a time when we all believed that the house price gravy train would run on for ever. Actually I didn't. Call me an old misery but I'm just amazed that prices have held up so well.

It appears that house price pessimism is entering the prevailing psyche of the average Brit according to research by Rightmove. Pessimists are running at 32% compared to only 1 in 10 just over a year ago. This is at it's highest level since the survey started in January 2009.

The reality for all of is that property prices are only a function of the state of the UK economy, bank lending and consumer confidence.

Non of these are looking too hot at the moment.

Get me cheap landlord insurance