I'm not sure that the housing market has any direct relevance to VPG. The non residential sector is behaving differently.
MoneyWeek have some of the more analytical coverage of the UK resi market in case anyone's interested e.g:-
http://www.moneyweek.com/investments/property/dont-be-fooled-house-prices-have-a-long-way-to-fall-yet-14700.aspx
http://www.moneyweek.com/investments/property/uk-house-prices-will-plummet-look-at-this-scary-chart-14664.aspx
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u.k. mortgage approvals rise , page-4
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