LONDON (Reuters) - House prices are likely to fall just three percent more over the rest of 2009 before growing by two percent in 2010, the Centre for Economics and Business Research said on Monday.

"Our view is that the extent of house price falls already seen means further significant falls are unlikely," said CEBR economist Benjamin Williamson.

The CEBR said this meant that in the fourth quarter of this year house prices would reach a trough of 24 percent below peak values set in the third quarter of 2007, if mortgage lender Halifax's monthly house price survey was used as the benchmark.

Halifax reported house prices rose 1.1 percent in July, leaving prices 12.1 percent lower in the three months to July than the same period a year ago.

(Reporting by David Milliken; Editing by Mike Nesbit)