I think it is circumstancial, if your desperate you will reduce your price more significantly. And a property is only worth what the buyer is willing to pay I remeber looking for houses in summer of 2007 and one bed freehold flats were selling between 250-285, roughly at 5K a meter squared. I know that a few leashold one bed flats have sold for 250 recently, but again it's just down to where I have been looking. I was only curious as there is a lot of talk of prices crashing but wanted to know what was really ahppening in ED.