Yes the massive property price rises in the first half of this decade were after a very flat period during most of the 90's
This flat period in most of the 90's happened afer property values doubled in a very short period during the late 80s early 90's and got ahead of the average growth rate.
Property values doubled in the late 80's early 90's and it took 8-10 years of flat prices to bring the growth back to a normal average rate.
First half of this decade property growth has got well and truely ahead of its self again with property values going up 3-4 times in value.
So as I posted the other day we are no looking at 15 years or so of flat prices to bring the growth rate back to the noraml average. Assuming of course there is not a good drop in property values which could shorten this time frame
