views

CITY VIEWS: DO YOU THINK HOUSE PRICES ARE SET TO RISE OR FALL?

<strong>STEPHEN FERRARI </strong> FERRARI BUSINESS DEVELOPMENT<br />&ldquo;I think the housing prices will increase because there is a short supply of nice houses on the market.&nbsp; Although I don&rsquo;t think it&rsquo;s going to be easy to borrow money, until the supply meets the demand for houses, I think we&rsquo;ll see a rise in prices.&nbsp; There may be apparent differences among different areas as wealthier buyers could avoid many of the mortgage troubles that others may face. <br /><br /><strong>ALEX QUINN </strong> INTERCONTINENTAL BANK<br />&ldquo;Housing prices will probably increase, particularly because the UK housing market tends to attract overseas buyers in addition to the UK demand for housing.&nbsp; I think people want house prices to go up, particularly as interest rates are low and banks begin to lend again. I think certain areas will lag behind others. But overall most areas will should see a rise in housing prices.<br /><br /><strong>GRAHAM MUNCEY </strong>WILLIS<br />I think that housing prices will remain about the same over the next 12 months or so.&nbsp; While I don&rsquo;t really feel there will be any sharp increases in housing prices, I do think there may be some more affluent areas in particular that should see a slight increase in their selling prices.