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CITY VIEWS: IS IT POSSIBLE FOR HOUSE PRICES TO DIP AGAIN IN 2010?

MIKE MURTON | TRISYSTEMS
“If people sit tight prices will go up because of the lack of available property on the market. It’ll be back to the good old days but not for the good old reasons. Mortgages and mortgage rates are likely to increase as banks pay back their government loans.”

SANDRA BOYD | BOYD PROJECT MANAGEMENT
“I think they’ll stay stable although we won’t see prices rising as the recession is not over yet and people have no money. People who invested in property have taken a big knock and it’ll take a long time for the rental and mortgage market to recover. ”

PETER FRANKLIN | PANGRAY LIMITED
“I’d like to say no but I have little confidence in the current recovery. I think prices are going to fall a little but we won’t get a double dip recession. Quantitative easing has not had any affect and the market will only rise once funds are made available. ”