The trick is trying to understand the future and for a long time now the mainland of Britain has been shareing in global growth with a restricted land mass. I believe that economic miracles cannot last for ever — though there are many reasons for Britain’s good fortune a considerable amount has been due to a powerful currency making imports cheaper and the remarkable ease at which individuals have been able to borrow — made even easier by ever increasing property prices.
Well in the end everything has to be paid for and as younger people than I begin to realise we have not been all that helpful to them or paid too much attention to their needs.

A lot of the long term house price rises also have been due to ancient draconian planning laws.. Start by knocking down many of our Victorian seafronts and build expensive new condo’s – see San Diego as an example , and many retired people will move out to the coast leaving property nearer the jobs.

Overall my message to the Dr is things are going to change and nearly all the changes indicate that I expect houseprices to be the same now as in twenty years time and that just like the stock markets recently it could well be a very bumpy ride indeed.