With wages stagnating a lot of future property price growth must in doubt. Also the demographics support a falling house price. Baby boomers who own most of the countries assets will be mostly retired in the next 5 years, a lot on expensive property will be dumped on the market but not enough potential buyers.Baby boomers already are also curtailing discretionary expenditure, and so the the money flow will decline. Low interest rates used to push up house prices has also stolen large amounts of wealth of those who are risk adverse. And so it goes.
