Bleak or Bright

Property prices fall in April as demand was likely to fade during the rest of the year as public spending cuts, tax rises and waning consumer confidence, pushing up inflation will take their toll.

UK household disposable incomes drop in 2011 to about £780 per household, meaning a slowdown in demand and putting the Housing Market under more pressure.

- Interest Rates (Bank of England) 0.5%

- Inflation in March 4.0%

- Consumer rates 3.5%

With the Government cutting spending, tax and inflation how bleak or bright does 2011 look?