Its clear to anyone - and underlined by this story - that Savills have a vested interest in the property market.

Yet for months upon months the Times (and to be fair, many other newspapers) are happy to reprint their 'research' on the property market as if its completely neutral.

Hugh, London,

Alan, London - You seriously think that Sir Gordon is going to come rushing in on his silver charger and save the property market from meltdown?!? Brown hasnt got a clue how to handle this. The wheel has turned and Adam Smith's invisible hand is diverting resources away from this shattered market.

Roger Timpson, Ashby de la Zouch,

"although tenant demand remained strong."

Well tenant demand may be strong but so is supply of properties to rent. There are 60+ available flats in my own (rented) new build development in central London.

So many properties coming onto the rental market (because they do not sell).

Flopsy, London, uk

Why can no agent set aside their self interest and be truthful. The London market up to £10m has been badly hit with values possibly down 20%, the same as many other areas. Only the super prime market over £10m where supply is extremely limited is currently proving immune.

Tim, London, UK

the grim reaper has at last come down to bear on all the greedy, irresponsible financial and property institutions.
hurrah
i look forward to buying a property at its REAL value not one conjured up to feed the pot bellied directors.
bread and water for you all

k w, london,

Richard - the reason house prices have been encouraged to rise is to replace state pensions by transferring wealth from young 1st time buyers to old property downsizers. Any reverse will destroy Labour, hence no state reaction to cuts in house-building. Don't bet on big falls, Gordon will intervene.

Alan, London,

Fantastic news. One step closer to being able to actually buy a property.

Sascha, London,

All I can say is great, I may be able to buy a house by the end of the year in and not just be eating bread and water and sleeping on the floor. It was a long time coming, that's all I can say.

Richard Hill, London, UK