Experts for house builders Bellend Homes have contradicted figures from the Royal Institute of Chartered Surveyors, stating that they expect house prices to rise at least 52% over the next two years across Britain - except for everywhere north, west and south of London.
It had been anticipated that prices may have stabilised or even declined a little following on from a succession of interest rate rises from the Bank of England, however Harold Faltermeyer of Bellend advises that this is not the case.
"There is a good chance that prices could rise, 50 maybe 60 per cent by 2009, but there is also a possibility that they may also drop 40, 50, 60 per cent depending upon various factors such as the number of buyers and matching properties. There might even be no change at all in the price of the average home."
One thing is certain however, and that is that buyers are still snapping up homes in all of Bellend's prestigious new developments across Britain. There are now only 11,745 reasonably priced homes still available in sites throughout the UK and Mr Faltermeyer advises buyers to snap them up before its too late, if they want to take advantage of the potentially impending property boom.
If it comes.
And if there isn't a massive crash.