Homeowners concerned about finding themselves in negative equity have been assured that house prices are likely to go up again, although this may take "two or three years".
According to the founder of the Property Investors Network (PIN), the UK housing market will not experience a crash as some newspapers are predicting, although he conceded that house prices will most probably fall further in the coming months.
Mr Zutshi said that, due to the high level of uncertainty in the market, it is difficult to predict the fluctuations in property values, asserting: "No one knows what's going to happen."
He commented: "[Over] the next two or three years prices are going to come down [but] I don't think they are going to crash down like most people are saying in the newspapers.
"I think they will come down further and I think [after] two or three years they will have stabilised [and] start to come back again."
