If you're wondering what might happen to house prices over the coming years, the only way is up.

The verdict doesn't come from an estate agent or a property portal but from the Centre for Economics and Business Research (Cebr), giving the news a certain air of gravitas.

Cebr specialises in independent economic forecasting and analysis, with an uncanny level of accuracy relied on by public bodies, FTSE firms and multinational companies.

The next two years, taking us to 2019, will see modest levels of property price growth, predict Cebr, with annual growth pegged behind 5%. It is, however, forecast that between 2019 and 2021, house price growth will find new pace. 

By 2021, the average home is set to be worth around £272,000, Cebr's report predicts - a £52,000 increase compared with 2017 and a rise of 23.6%.

Confidence is already showing signs of strengthening in the prime Central London property market, with fluidity provided by sellers looking to downsize or move laterally to free equity, and international buyers taking advantage of sterling's fluctuation. The prime property market is also showing signs of adjusting to the new stamp duty levies, with low mortgage rates allowing people to balance their books going forwards.