The current slowdown being experienced by the UK''s housing market will not last forever and will eventually start to turnaround.

That is the opinion of the Property Investors Network (Pin), which has asserted that while a recovery is not likely to happen in the next couple of years, demand for housing will help to push prices back up.

Pin suggested that prices will not "crash down" but that there will be an average drop of about five per cent.

Founder Simon Zutshi noted that once the market has stabilised in the "next two or three years", prices will slowly start to come back up.

Mr Zutshi explained that this is likely to occur because the demand for housing is not going to be met by supply.

"If you look at the statistics; the government say we need three million houses by 2020 - we''re only building 175,000 a year at the moment, if we need three million in the next twelve years we need 250,000 a year, so we are not going to have enough accommodation.

"People keep on coming to the country, immigration, increasing population, changing social demographic trends, long-term prices will go up again but it’s not going to happen in the next year or two."

Last year the Housing Green Paper, ''Homes for the future: more affordable, more sustainable'', was launched by the government, in which plans to build three million new homes by 2020 were laid out.