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CITY VIEWS: WHAT DO YOU EXPECT TO HAPPEN TO HOUSE PRICES THIS YEAR?

Steve Dinneen
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GILLIAN PHILLIPS | M&G INVESTMENTS
“I hope property prices do go up but I really doubt we will see anything like the prices pre-crash. I own my own property and have seen it slide into negative equity. I am planning a move but will have to put it off until the market picks up and I can recoup what I paid.”

SHOURIK CHATTERJEE | DLA PIPER
“House prices will continue to increase but it will be two or or three years before we’re seeing the levels we were at before the crash. The fundamentals in London are solid and people will always be attracted to it so prices will be driven up in the medium term.”

CHARLIE GELLER | CONDUIT PR
“I'd be very surprised if prices went massively up this year. There will be a steady increase but it will be stifled while the availability of mortgages is still restricted. Even in the City a lot of salaries would have to go up to afford a good mortgage under current conditions.”