The end may be in sight for the housing market downturn, but there will be little price growth until 2013, economists predicted yesterday.

The Centre for Economics and Business research said improved conditions in the housing market suggested that property prices only had about a further 8% left to fall.

But it warned that a 'sluggish recovery' in the real economy meant prices would only rise by 6% during 2010 and 2011.

Financial Times