Monday 26 January 2009 5.21pm
...Property is still way, way overvalued and this housing crash has a long, long way to go.
I agree with Beowulf - if you follow the property news, you can see that all major agents forecast a further decline in houseprices. Market recovery is not expected before 2010, so it might be worth waiting for another year.
You can find a lot of useful information on the websites of the major agents (e.g. www.savills.co.uk, or knightfrank), most of them provide free research information and forecasts. Hope that helps making the right decision!