Another agency cuts house price forecasts

Strutt & Parker now expects PCL property prices to end this year 2-5% higher than they started it, having predicted 5-10% growth through 2022 just a few months ago.

The UK's average house price is set for 0% growth in 2021, predicts Knight Frank, as it trims its prime London forecasts by 1%.

UK house prices are "overvalued by a third and likely to fall", suggests Oxford Economics, while Capital Economics boss Roger Bootle thinks we could be looking at a 10-15% drop in property values - equivalent…