Landlords may see more people looking for rental accommodation after it has been announced that the property market is "still on the way down".

Spokesperson for property website David Amstell said: "There doesn't seem to be any catalyst out there to encourage the market to do anything other than go down at the moment."

He said that the economy has made people very cautious about what they spend their money on.

Property prices remain the victim of this caution, Mr Amstell said, adding that he could not see an end to the situation.

But Rightmove and Nationwide have recently noted a slight rise in house prices.

Published on December 14th, the Rightmove house price index said that there had been a 1.7 per cent increase since December 2008 in the cost of property.

Nationwide also noted a 0.5 per cent increase in November - meaning that year-on-year house price inflation had increased to 2.7 per cent.

It reported that the average house price in November was £162,764 - £726 more than in October 2009.

Written by John WeeksADNFCR-2002-ID-19524034-ADNFCR

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