The number of mortgages being granted by Britain's banks has fallen by 16% over the last year - the latest sign of a slowdown in the housing market. According to the banking industry body the BBA, in October home-buyers had 37,076 mortgages approved - the lowest figure for 17 months.

The combined effect of commentators & politicians talking down the economy, the new MMR rules and Labour's stated aims towards higher value properties must all have had an effect. The predictions for house price growth in 2015 vary as you'd expect, but none of them are particularly pleasant reading

Halifax: 3% - 5%
IHS Global Insight: 5%
Capital Economics: 4%
CEBR: -0.8%