The London housing market could be set to reach a turning point in terms of price falls, according to the latest predictions.

Cluttons' outlook for house values in the capital suggests that prices will dip to around 25 per cent below autumn 2007 peak prices early next year.

However, the market will begin to stabilise later in 2009 before bottoming out in 2010, attracting the interest of investors who are keen to take advantage of cheap property.

A number of buyers could also seize the opportunity to upgrade to larger and more expensive properties, while those who have been in temporary rental accommodation for the last year are likely to re-enter the market.

"There are fantastic opportunities to be had, and this will pave the way for the return of the investor in early 2009, in particular those multiple buy-to-let landlords with equity in their portfolios,"said Richard Cotton, divisional head of residential agency at Cluttons.

According to predictions by Rightmove also predicted that the UK market would reach the bottom in 2009, with prices expected to fall by a further ten per cent during the year.ADNFCR-2002-ID-18936340-ADNFCR

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