It is too early to tell whether house prices will remain stable or not.

This is the opinion of Catherine Hearnden, director of MyMortgageDirect, who said that since there are not many properties around, it is likely that values will remain quite high.

"I don't think they are going to do anything astounding. They [may] possibly rise with inflation, it depends upon the demand for property or the supply [and] it depends on how many properties are out there," she commented.

Ms Hearnden noted that the biggest problem facing buyers at the moment is having to raise large deposits.

She added that people will need to readjust to the fact that it is necessary to save up in order to purchase a property.

According to the House Prices and Affordability Index released by FindaProperty.com earlier this month, the average first-time buyer asking price currently stands at £154,309.

Those planning to move house could make the process less stressful by using self storage facilities.

Written by Emily Sanders