May be so, but to make things worse, houses are selling like hotcakes here in Cambs. A friend of ours put their house on the market for £195k (from a peak price of £200k?!!??) and they have just Sold STC. There are loads of properties in Sold STC state in Cambridge.
I just wish this house price crash hurried a bit, I want to get a house for my wife and kid at a reasonable price