A leading research agency is predicting that the property market downturn will bottom out by Christmas.According to a report in the Daily Telegraph, Lombard Street Research (LSR) is basing its forecast on affordability, which is now below the long-term average, reflecting the fact that prices have fallen by 20%, in nominal terms, in the past [...]

More: House prices could bottom out by Christmas

Another indicator in the market. Let's wait and see what happens by the end of the year. I reckon we're going to need a further 6 months to mid 2010 before we see a full recovery.