DO YOU EXPECT THERE TO BE A DOUBLE-DIP IN THE UK HOUSING MARKET?
IVOR DICKINSON | DOUGLAS & GORDON
“Supply of property in London has been rising steadily since January as vendors try to take advantage of rising prices. And demand has remained consistent and we now have almost three buyers for every property. With the market in relative utopia, we are not expecting a double dip.”
LUCIAN COOK | SAVILLS
“We are forecasting a softening in value across all residential markets in the second half. There has been a shift from insufficient to excessive stocks relative to demand. Sentiment has certainly dipped but I don’t think we are looking at a continued and sustained fall in prices.”
DAVID ADAMS | CHESTERTON HUMBERTS
“Increased lending from banks and an interest rate of 0.5 per cent are a strong defence against a correction as severe as the one we saw in 2008. There is a five per cent price correction occurring because of the increase in property following the abolishment of HIPs – no need to panic.”