I think that people are going to be very interested in how much the flats may be discounted by - and I agree with Snazy completely at about a 25% drop for them to be taken serioulsy. New, immaculate flats are very attractive to a large number of people in London that prefer/need comfortable easy living rather than a life of DIY and home improvements.

Very confused about Dan on the Hill's comments. Never seen a prediction of 50% fall, even from the gloomiest of market commentators! How did you arrive at this conclusion!? The general consensus seems to be 25% - 30% peak to trough, to be reached in late 2009 or perhaps early 2010.

I'd love to be able to pick one of the flats up for less than 150k. Just not going to happen! But, looking forward to waiting to revisit all this in the future too!