CITY VIEWS: ARE YOU WORRIED ABOUT FALLING HOUSE PRICES?

EGAN LUDLOW | KENNEDYS

“I think the market will return over time even if prices fall in the short-term. The question is whether the South East will be affected. I think people in the regions will be affected with rising levels of unemployment, but the City lives off confidence so it will be interesting.”

MATTHEW CURTIS | IMPACT

“I’m not a house owner so I’ve not been that interested because it doesn’t affect me. But my brother bought a house two years ago at the height of the bubble and now he’s in negative equity of about £20,000. So for him and others in his position this news is quite bad.”

SEAN KNOTT | CAREER TALENT

“It may be a rough ride for another few months but the banks are recovering, and we may see a recovery in house prices on the back of that. Working in recruitment I’ve noticed a dip in the last few months but I don’t think we will have a double-dip recession.”