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@Hefty
Nah. Nothing's changed. Investors are a small proportion of the market, people still need to live places where there are jobs.
There will be a pause as first time buyers and investors take stock, but the worst developed-world economic conditions for 80 years only made London house prices soften slightly for 2-3 years, this won't be anything like that.
Once the dust has settled folk will reason that nothing has actually changed, they would still rather buy than let and we still don't have enough houses.
Also, it's still the Tories and their favourite thing in the world is looking after house prices.