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hesa
aggi
50% or so off current prices would do me (back to circa 2009 levels). Would mean a vague chance of actually being able to afford a house in London. My flat shooting up in value is all well and good but in reality it just means the distance to to buying a house has doubled in actual terms.
I don't think it will happen though. In the sub £500k bracket I can see maybe another 10-15% coming off, maybe a little more in sub £1m. There just aren't that many properties in London so demand will keep the prices inflated.
Saying that, I wouldn't buy as an investment. You want somewhere you'd be happy to live if it does go tits up.