The RICS this morning forecast average UK house price inflation next year of 3%.

However, it is predicting no growth for London.

It also thinks sales volumes will edge up to 1.25m, and that rents will rise by 2%.

Its forecasts are:

UK REGION       

PREDICTED GROWTH in 2015 (%)

East of England     3

East Midlands       3

London                   0

North East             3

Northern Ireland  4

North West            5

Scotland                 4

South East             5

South West           2

Wales                     2

West Midlands    5

Yorkshire and Humberside        5