The slide in house prices will continue for at least three years and crush the value of a home by almost 50% in real terms, according to a key index of property price futures, The Guardian reports.
The slump in Britain's house prices accelerated in May to the fastest level since the Nationwide began records 17 years ago, The Times reports.
House prices remained fairly static during February, with only a moderate monthly price shift, according to the latest figures from the Land Registry.
The average deposit from first time buyers has risen by two thirds since October last year, according to statistics from Leadbay.
The gap between asking prices for homes and the price at which they sell is widening, according to the National Association of Estate Agents (NAEA).
The buy-to-let market is unlikely to see a boom on the back of falling house prices and low first time buyer demand, according to a group of leading economic commentators.
Mortgage approvals fell 3.5% in February following a slight recovery in January, according to Connells Survey & Valuation.
The number of properties successfully sold at auction has fallen to its lowest level for three years, according to the Royal Institute of Chartered Surveyors (RICS).
Stamp Duty revenues are due to grow 13% in the 2007/08 tax year as the value of property has soared.
Scotland's booming property market may be taking a turn for the worse after seven years of growth, according to research from Lloyds TSB Scotland.