The overwhelming majority of UK homeowners believe that their property will be worth less than its current valuation in a year's time, research suggests.

According to a poll carried out by Adfero, 84 per cent of people expect their property to decrease in value over the next 12 months.

Meanwhile, just 16 per cent of those surveyed thought their home would retain its current worth, while none anticipated a rise in price.

One respondent, from Leeds, told researchers: "We are hoping that it won't [go down] but, the way that it's going, it will probably be worth less."

The study polled members of the public from a wide cross-section of society as it sought to gain an insight into the confidence and expectations of homeowners in the UK property market.

People across the region have seen the value of their properties decrease significantly in the last year.

According to the Rightmove House Price Index from November 2008, the average asking price for a property stood at £222,979 - down by 2.9 per cent since October.ADNFCR-2002-ID-18926918-ADNFCR

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