Why the experts are wrong about house prices

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With £4 trillion of the UK's total personal wealth of £7 trillion invested in property, it's hardly surprising that future house prices remain a British obsession.

As happens every year, property firms -- including estate agents, mortgage lenders and property websites -- have released their end-of-year predictions for where prices will go in 2013. Many pundits expect prices to rise slightly this year, but not by much.