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CITY VIEWS: DO YOU AGREE HOUSE PRICES WILL RISE BY AS MUCH AS 40 PER CENT OVER THE NEXT FIVE YEARS?

<strong>PATRICK EGAN </strong> NORTH SQUARE CAPITAL<br />&ldquo;I think that is very unlikely. Constraints on credit will be with us for at least three years yet, and we&rsquo;ll also have an inflationary period within that time where interest rates will be raised and will dampen any exuberance in the housing market.&rdquo;<br /><strong><br />JON MITCHELL </strong>FIDELITY&ldquo;Five years is a long time, but that sounds wildly optimistic &ndash; I don&rsquo;t believe there is that much money or demand out there. I&rsquo;d say house prices will rise by 20-25 per cent within five years, but there is certainly potential for another financial shock.&rdquo;<br /><br /><strong>TOBY SMART </strong>TGP PRODUCTIONS<br />&ldquo;Knight Frank are perhaps hoping this will be a self-fulfilling prophecy and lead to more confidence in the housing market. I do believe house prices, like any commodity, will rise again, but probably by nearer to 25 per cent in the next five years.&rdquo;