Recent claims – made by Paul Cheshire, professor of economic geography at the London School of Economics – of an impending crash and a 40% fall in property values are “quite frankly outrageously unrealistic” according to Russell Quirk, founder and chief executive of online estate agent, eMoov.co.uk. “The reality is that the rate of house-price growth has slowed in the past few months, yet property prices remain higher than a year ago” although Quirk does concede, as do other commentators, that there is “a potential prolonged flat rate of growth” in house prices.

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