All the more so if you happen to walk along Oxford Street on the way to work. One such prediction was issued last summer in relation to the UK property market.

As is usually the case, however, it never materialised. In fact, the UK’s property market has held up very well since the vote to leave the EU.

You don’t need to look too long and hard to see why. The fundamental problem is that there aren’t enough houses — and this structural element of the property market, for the time being at least, has trumped (!) the impact of political uncertainty.

There’s also, of course, the very low cost of borrowing. Mortgages remain phenomenally cheap and, for the time being at least, it’s hard to see interest rates rising in a meaningful way.

•   UK commercial property rental values rise 0.1%
•   Bridging: 'I cannot see huge levels of overseas investment'
•   Commercial property an 'unsatisfied' market, claims bridging lender

The economy is also doing really rather well, having outperformed all major global economies. The UK really is a great place to be doing business.

And let’s not forget that weaker sterling is driving interest from overseas. For foreign buyers, UK property prices are looking really competitive and this again is underpinning the market.
 
If there’s one major threat to prices, it’s rising inflation. If it rises as much as some forecast (by up to 4%), then that will clearly make people feel a lot less well off. Which in turn means they’ll be less confident and may delay moving home or buying a new one.

So, short of a black swan event, the chances are that the property market will remain stable in 2017. We might just dodge the apocalypse for another year!