Chances are in 5 years time, you'd never notice the brief blip downward anymore! With the potential of up to 20 million more residents of the UK within the next 30 years or so, already the most denseley populated country in Europe, I assure you the relentless rise of property will resume before this recession is over, and before the first timers can get mortgages (if indeed they still have 2 jobs between them!). And we will all be bemoaning the fact we didn't get in there and buy up what we could when we could!
Believe me, nobody gains in recessions unless they move against the herd, at the right time! Here's one bargain:
Two houses repossessed in millionaires' row Sandbanks | Mail Online