House Price predictions for 2015.............
The New Year always brings a host of predictions about the state of the UK housing market, so what are the people suggesting may happen this year.
Analysts are suggesting slower growth in 2015 than was the case in the year just gone. Somewhat rarely, there is near consensus among them on what that growth in property prices will be - about 4%.
Name Prediction for 2015 Original 2014 estimate
Ray Boulger 4% rise 8% rise
Henry Pryor 4% rise 5% rise
Ed Stansfield 4% rise 4% to 5% rise
Miles Shipside 4% to 5% rise 6% to 8% rise
Peter Bolton King 3% rise 8% rise
Martin Ellis 3% to 5% rise 4% to 8% rise
Nationwide index Actual change: 7.2%
The UK housing market saw a spring and summer boom in 2014, particularly in London and the South of England, before activity dropped away a little towards the end of the year.
Recently published figures from the Nationwide Building Society - the first to record the annual change over the whole of 2014 - suggest that UK house prices rose 7.2% during the year.
This is based on the Nationwide's own lending data and masks some significant regional differences. For example, prices in London rose by 17.8% over the course of the year, according to the lender, compared with 1.4% in Wales.
Another survey, by rival lender the Halifax, says that prices rose by 8.5% over the year, although its official house price index data has not yet been published.
House sales were consistently above 100,000 a month in 2014, according to seasonally adjusted figures from HM Revenues and Customs. It is the first time this has been the case since 2007.
Activity levels are unlikely to change very much in 2015 compared with last year, according to Ray Boulger, from mortgage brokers John Charcol.
His house price prediction for 2014 looks to be among the most accurate, and in 2015 he has suggested - like many others - that UK house prices will grow by 4% on average.
He says that the general election is likely to dampen activity in the housing market until the result is known, but that recent changes to stamp duty will have little effect. He also says he will not be surprised if the Bank rate - a key factor in determining the level of mortgage interest rates - could end the year at the current, record low level of 0.5%.
Estate agent and housing expert Henry Pryor admits that he underestimated the effect of government stimulus measures on the housing market and prices in 2014.
He too predicts a 4% rise in prices in 2015. The lid could be kept on prices, he says, owing to some "nervousness" among potential high-value property buyers, especially in London.
This London lag is most striking in the predictions of the Royal Institution of Chartered Surveyors (Rics).
Rics, and its global residential director Peter Bolton King, say that house prices in London will be unchanged in 2015 compared with 2014. This will restrict UK house price growth to 3% in the year to come, they say.
Ed Stansfield, property economist at Capital Economics, says that his prediction of a slowdown in prices in London is partly the result of buyers simply saying "enough is enough" with homes in the capital either overpriced or unaffordable.
Miles Shipside, director of internet property portal Rightmove, says that this will lead to prices picking up further out from London in the South East of England as families look for more affordable homes within commuting distance of the city.
Another significant factor in determining housing market activity in 2015 is the level of wage rises.
Martin Ellis, housing economist for the Halifax, says that the first year of consistent above-inflation wage growth for some time could add to demand for homes. However, he too points to the potential effect of the general election and the threat of rising interest rates as keeping that demand in check.
Predictions can always be thrown out by unexpected events, and longer-term estimates must be treated with even more care.
Still, estate agent Savills has predicted that over the next few years house prices will rise no faster than 5% per annum.
It is predicting UK property price growth of 2% in 2015, 5% in 2016, 5% in 2017, 3% in 2018 and 3% in 2019