Economists predict gloomy 2010 for UK property prices

[Nicholas Wallwork]

Residential property prices will just bump along at current levels next*year, with transactions failing to hit the million mark, analysts are*predicting.

The current apparent recovery in the housing market is deceptive and*supported by cash-rich investors and a stock shortage rather than the*first-time buyers needed to restore the market to normality, according to*the latest report from Ernst & Young's ITEM club.

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