‘Property bubble won’t burst’: Savills

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Fears that the property market will crash are unfounded, according to Savills Residential Research director Susan Emmett.

Speaking at the Association of Short Term Lenders conference today, Emmett said the market may slow down but that it will stay strong.

She said: “We don’t see the bubble bursting – the market is steady and stable.

“The bubble has deflated a bit, but there is no dramatic burst.”

Emmett added that factors such as scaremongering headlines might make a difference to the health of the market, but not a systemic one.

She said: “We expect to see a slower property market than usual. Transaction levels may fall, but we are not expecting a huge decrease in property values.”