Aren't they? I saw something saying the number of transactions is down 99% or something. What good news! Hopefully they'll continue on their downward trend and people will be able to afford to buy them once more. Get the average price down to what it used to be - around 2.5 to 3 times the average wages - so around £65-£75k. Having more accessible house prices will mean less people will have to private rent, meaning less demand and good downward pressure on the rents too. Also those "release your equity" companies who advertise on afternoon TV will be completely screwed. It's win win win!