The price of a home will still be around £40,000 more in five years' time despite the "tremors" caused by the Brexit vote, according to projections.

The Centre for Economics and Business Research (Cebr) said while property values are expected to show weaker growth for the rest of 2016 and into 2017, the general direction of prices is still expected to be up.

The increases mean the average UK house price could rise from £194,000 in 2016 to £234,000 in 2021 - a £40,000 increase.

Cebr said despite "post-Brexit tremors", house prices are set to increase by 5.7% over 2016 as a whole.

Earlier this year, annual house price growth was running as high as 8%, but Cebr expects to see a slowdown over the second half of 2016.

This will be caused by a three percentage point stamp duty hike which came into force for buy-to-let investors on April 1, combined with general economic uncertainty following the vote to leave the EU.

Next year, UK property values are forecast to increase at a slower pace of 2.2% - although London house prices are expected to fall by 5.6% in 2017.

Cebr said London house prices are expected to increase by 6.8% across 2016 - and although prices are predicted to fall in 2017 they are expected to return to growth in 2018 and beyond.

It said the top end of the London housing market, which has attracted strong interest from foreign investors in recent years, was "showing cracks well before the vote on June 23".

:: 2016, £194,000, 5.7%

:: 2017, £198,000, 2.2%

:: 2018, £206,000, 4.0%

:: 2019, £215,000, 4.6%

:: 2020, £225,000, 4.4%

:: 2021, £234,000, 3.9%