Investors in housing futures are still putting their money on a peak to trough fall in house prices of more than 30%, despite the Government’s attempts to buoy the market.

The Tradition “Futures HPI”, which takes it figures from the prevailing prices in the residential property derivatives market and pegs itself against the Halifax non-seasonally adjusted house price, puts the price of an average house in three years time at £137,695. That is a further drop of 21.5% drop in the next three years.