By Robin Bowman

Are property investors too focused on short term factors? Has the credit crunch assumed a level of importance that has overshadowed economic fundamentals?

Here's an interesting new take on the UK market that focuses on the basic drivers, rather than short term markers.

Whether it's correct or not can be debated - what cannot be in doubt is that the drivers discussed are pretty much the same for all property markets and, ultimately, matter a whole lot more than the short term stuff we cannot predict.

The National Housing and Planning Advice Unit reckons UK property prices will rocket in coming years despite government plans to build 240,000 new homes per year.