So far David Kuo's predictions for 2012 have had good and bad implications for many of us, and his third forecast (which you can read by downloading our free online guide) is no different. With house prices expected to stagnate or fall while wages are predicted to continue to steadily increase, we could expect to see the house price to earnings ratio improve for the first time since 1995.

although the annual rate of growth continued to fall, Britain's biggest mortgage lender says.The average cost of a home in the UK was unchanged during the month

LONDON (Reuters) - Mortgage approvals fell nearly 40 percent to a record low in December, a sign the housing market is slowing sharply due to tighter credit conditions and weaker household finances.