Property prices are expected to show growth throughout 2009, it has been claimed.

An increase in prices of between five and ten per cent is expected by the end of the year, according to one property investment company.

Assetz chief executive Stuart Law explained that house prices are likely to rise by the end of the year, which may impact on landlord services.

A recent report from Nationwide revealed that average house price rose by 1.3 per cent in July compared with the previous month.

Commenting on the findings, Mr Law confirmed: "It is accurate in terms of their idea that prices will be higher at the end of the year than at the beginning.

"Our current forecast is for five to ten per cent growth for 2009 as a whole."

He added that the firm is 80 per cent sure that this will occur.

Meanwhile, Chesterton Humberts' Poll of Polls claimed that house prices have fallen by 14.3 per cent in the last year.

However, the top 20 per cent of houses on the market increased in value by 0.8 per cent.

Written by John WeeksADNFCR-2002-ID-19290877-ADNFCR

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