From Myfinances.co.uk: There is a 30 per cent chance house prices will still be at 2008 levels in 2020. A study by accountants PricewaterhouseCoopers (PwC) points to further house price drops in 2010, no growth in 2011 and then gradual recovery for a decade.

In 2015 house prices are forecast to be “more likely than not” below 2008 levels……..Full Article: Source