Hi, I'm the property expert from This Morning and I am regularly on BBC, plus monthly LBC Property Hour call in programme and I thought this might help. Basically property prices will always rise and fall. Typically falls are caused by economic crashes or, as in the case of 2007/8 a lack of finance which then caused a crash for property and the economy. Consumer confidence is also key, so lots of talk of potential war, loss of jobs and the possibility of price falls tends to cause buyers/sellers to 'batten down the hatches' and do very little. Currently prices are rising, falling and stagnating across the country and have been since 2013. Of the 32 London Boroughs, prices have risen since the 2007/8 heights by 40-80% and in the last couple of years in SOME boroughs we have seen some of these rises drop back. Hometrack data suggests 58% of boroughs in London are still rising year on year, while the rest (typically inner London) are registering falls. BBC data showed last year that 58% of wards are registering property prices LOWER than they were 10 years ago - taking inflation into account. Currently the North East 'on average' is still registering HPs 8% lower than 10 years ago, Northern Ireland over 40% lower. Within every area I analyse prices for individual properties are going up, down and staying the same. it's really important to checkout sold property price data (free on portals) and talk to local agents to get an idea of what's happening in your local market for your property type eg two bed flat. Averages are extremely misleading and have been since the crash. From an affordability perspective, there is a some good news. The government ISA schemes offer a 25% uplift in raising a deposit (up to a limit), there is then Help to Buy on new builds and in addition, shared ownership, of which there is a lot coming to market over the coming years especially in London. For example, in Nottingham where I am from, the 'average' price is £135k for a property. However, there are lots of properties available for less than £70k. Just because some property prices are seeing falls, it doesn't mean they are going to crash, typically that takes a shock to the economy/finance or a huge loss in confidence. Sadly we haven't built enough homes in the UK to house the growing population. Then we have a situation whereby some people's wages have seen rapid growth, while others eg civil servants have had a 1% annual wage cap. This means in areas, like London, where high salaries are paid in the private sector and property for sale stock is short, then effectively the property goes to the highest bidder. Properties bizarrely aren't 'unaffordable' otherwise they wouldn't sell. They are affordable to some, but not to all. Currently there are no economic reasons for a HP crash, we are just seeing a correction - in some areas, not all. However, with recent news of BT loss of jobs and now M&S closing stores, this can lead to a loss of confidence and that tends to reduce demand, which can panic sellers into dropping prices. In areas where prices have risen such as London, they can fall, but in places like the North East and N. Ireland, this would be difficult as they are still so much lower than they were 10 years ago. So, don't worry about averages quoted in the press or what's happening nationally, just focus on your property type in your area.