Property prices are not likely to fall significantly, despite the recent credit crunch, it has been claimed.

The centre for economics and business research (cebr) asserts that a short-term slowing in house price growth may be expected.

As such, the maximum amount available in the form of homeowner loans could be set to remain steady in the coming months.

But by 2010, the industry body anticipates a return to house price inflation of about seven per cent a year.

The prediction follows figures from the Land Registry which observe a "noticeable dip" in the annual rate of growth in September.

Laurent Souron, economist at cebr, comments: "The market will inevitably be knocked sideways by the credit crunch."

"We forecast that it will bring an end to 29 consecutive quarters of house price growth," the spokesperson adds.

Britons who are considering taking out a homeowner loan could therefore find the maximum amount available to them is to remain stable in the short-term.ADNFCR-1287-ID-18336327-ADNFCR

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