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CITY VIEWS: ARE HOUSE PRICES ON THE ROAD TO RECOVERY?

PAUL WALTERS | MCDERMOTT WILL & EMERY
“London property prices are robust but I’m not sure about the rest of the country where there continues to be oversupply. In London, especially St. John’s Wood, Chelsea, Hampstead and Fulham, there will be no problem as there is huge demand.”

CHRISTOPHER HAYDAY | WILLIS
“It would be good if they didn’t go up as I am a first time buyer. I’m looking to buy in the first quarter, and I’d like to buy at the bottom of the market. I think on the whole it’s very difficult to predict and there are no guarantees.”

DANIELLE DERBY | TOBELL INSURANCE SERVICES
“Yes, I think they will go up but not by a huge amount. The market will be better than last year although I’d prefer them to stay low. The economy is stronger when house prices are healthy but at the moment it’s easier to get on the housing ladder.”

NATALIE BISHOP | AEGIS
“Property prices won’t go up just yet. It’s going to take a long time for the market to fully recover and there are too many financial problems still slipping out of the woodwork. Confidence is slowly returning, which is a good sign.”