Homebuyers have been encouraged to pack up their belongings after an expert suggested that property prices will continue to fall over the next few months.

The director of real estate service provider Savills gave hopeful buyers a boost today (July 27th), after suggesting that prices will drop a further six per cent by the end of 2010.

Lucian Cook said: "What is consistent across the board is that rates of growth have been slowing and in some cases they have turned into house price falls."

It was predicted that house values will continue to drop as a result of weak consumer confidence, low levels of mortgage lending and the government's public spending cuts.

The comments come after Hometrack reported that house prices fell by 0.1 per cent this month.

This represents the first drop in values for 15 months.

Falling house prices could encourage people to look into their self-storage options as more homebuyers are likely to take this opportunity to move houses.

Written by Graeme Pieterson

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