There has already been some recovery in UK property prices, it has been suggested.
Gary Smith, president of the National Association of Estate Agents (NAEA), said the forthcoming general election may, however, cause further fluctuations.
He said that people often tighten their belts after an election, which may mean that house prices stay stationary.
"You have got to balance against that that new house starts are at a very low ebb at the moment and it is all about supply and demand," he continued.
Nonetheless, with interest rates at a historical low, people may find that now is a good time to invest in UK property, Mr Smith advised.
The Land Registry House Price Index, published August 28th 2009, found that property prices in July increased by 1.7 per cent to £155,885.
Sales volumes averaged 35,848 per month between February and May 2009, compared to 61,743 for the same months in 2008.
See Also: Property News (6680)
Date Published: 16 September 2009
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