i wondered why my scumbag neighbours managed to move into my nice road. http://www.telegraph.co.uk/money/main.jhtml?xml=/money/2007/03/15/ccmort15.xml
UK property implosion is just a matter of time.. A London property worth 100K back in 1996 is now worth over 400K. (If you do the conversion to US dollars, it went from $150K to almost $800K). I expect a 30 to 50% crash in prices sometime between 2008 and 2010. But prices could still go up 10% or 20% higher before then as there does seem to be a shortage of properties on the market at the moment..