Also as a lot of buy to lets are apartments, and the banks are being told to move, one can see a lot of supply in the years ahead, and with youth unemployment, new taxes, increases in variable mortgages and the ending of reliefs I can’t see how apartments will see anything but falls in prices.

Rents in the country apartments/houses seem somewhat linked to rent allowance, so any further cut to that will likely show declines in the value of your average apartment in the middle of no where.

http://www.japlandic.com/2012/11/ibfpwc-mortgage-market-profile-q3-2012.html

What this shows is how disconnected the Owner/Occupier sector of the market has become from the Investment sector.

So 3-bed semis in SCD get the seal of approval and apartments will continue to tank.