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Still no sign of that 'crash' that some were predicting

So are we now talking about a 'correction' rather than a crash?

I suppose it depends on each individuals interpretation of a "crash". It doesn't take a member of mensa to realise that property prices are vastly overpriced in the South of England, and that during a recession these prices will reduce. If prices reduce to a such a level that it is more...

Like I said, just a correction in Brighton. According to that website, £250k for a bog standard 3 bed house in Baden Road. I know this area well, and despite the price reducing, this is still overpriced.

Surely we are just seeing a correction in what was an over priced market. Property prices here in Brighton have hardly reduced at all.