I do not know what BH profit margins are, nor can I predict market prices in 2009 (I can't even predict them today). But I do think that BH, having invested in this scheme already and in money for 106 funding, will want to see some return on their investment. That is why there are people on site today and they have said that they will restart construction before Christmas.

It is noticable that while the immediate prospects for the housing market look grim, there are developers interested in building residential development in Tyson Road, Greyhound Pub, and other sites. I suspect that there will be people now realising that there are bargains in the property and stock markets, and starting to invest. When this happens I suspect there will be a flattening of prices.

The East London Line makes the area a better place to invest than most other parts of Southern England since we all know that property prices in South East London, and specifically in Brockely, Honor Oak, Forest Hill, and Sydenham have always been lower than other parts of London which do have tube connections.