A combined analysis of the Halifax and Nationwide property price indicies show a peak to trough fall of 20%.

The peak was reached in Autumn 2007 and the fall bottomed out in Spring 2009.

Property price indicies are currently showing stable prices with modest rises but the low level of transactions makes some commentators dispute the reliability of these figures.

Still, property prices are also heavily affected by sentiment and media headlines and so ideas about prices become self re-enforcing and as the current messages are modestly positive it is unlikely that a further fall will occur without a further severe economic test.

Also, the sun is out and there is a Brit in Wimbledon's semi-final! That's always good news for property prices but perhaps a little less sustainable?