The Bank of England will follow its US equivalent's lead and cut interest rates this month, the Association of Mortgage Intermediaries (AMI's) quarterly report predicts.
The Bank of England's decision to hold interest rates at the beginning of the year could risk the UK economy, according to Assetz chief executive Stuart Law.
The rate of annual house price growth had slowed in all parts of the UK at the end of 2007, according to Nationwide's latest house price index.
Bristol has seen the biggest growth in house prices in the UK during 2007, according to research from Email4property.co.uk.
The price of new homes in the UK has risen by an average of just 0.1% over the past twelve months, according to research from SmartNewHomes.com.
The Bank of England's Monetary Policy Committee (MPC) made a unanimous decision to cut interest rates at the beginning of December, it was revealed today.
House price growth in the UK has slowed by a further 0.2% in October, according to Assetz latest house price watch.
House prices could stall completely in 2008 but will continue to see large regional variations, according to Nationwide's house price forecast.
Inflation has crept above the Treasury's target, to 2.1%, for the first time since summer, which could affect how the Bank of England sets interest rates in the coming months.
UK house prices are cooling but not falling, according to the latest house price index from Communities and Local Government (CLG).