Majority of brokers predict a house price fall of 10% or less - poll

Dariusz Karpowicz, director of Doncaster-based Albion Financial Advice:

“I am not convinced that house prices will fall by as much as 30%, as some are predicting. That would be an apocalyptic event in the property market.

“Prices will undoubtedly stall and we could see drops of 10% in some areas but the lack of supply will act as a glass floor under property values.

“There is a significant shortage of skilled workers and labourers, which limits the number of properties that can be built, which in turn prevents prices from falling materially as there just aren’t enough homes.

“Demand will drop off for sure, but let’s not forget that there is an acute lack of supply.”