The Association of Mortgage Intermediaries (AMI) has called on the government to speed up its plans to implement new banking proposals in an effort to stimulate the mortgage market.
AMI director Robert Sinclair explained that 2009 doesnt look like being the best year for buyers or sellers.
"Our latest quarterly economic bulletin sets out a gloomy picture for the UK housing and mortgage markets in 2009," he said.
"The bulk of government initiatives are still in the planning and implementation phases, indeed much of the recapitalisation money for our banks is still to fully impact on their finances."
While now is a tough time to sell or buy thanks to the stormy financial climate making mortgages difficult to come by and plummeting house prices shattering buyer confidence, some may consider investing in their property to make it more valuable when the time does come to sell.
A conservatory could be just the thing with summer approaching and the Met Office suggesting warm weather could be on the way.
It was recently reported that the 19th Century conservatory in a Liverpool park was rebuilt as part of a £14 million makeover of Stanley Park.