I think the only places in Europe where property prices will fall significantly is where there is an oversupply and once that problem is no longer there prices will start to rise again. Land prices all over Europe in the last two or three years have at least doubled so the price of plots are not going to come down(remember the cost of the plot is a least half the cost of the property) and the only way new builds will not increase is by inferior workmanship and goods. So yes I think there will be a readjustment in certain areas for a time and then who knows what could happen. Inflation!!! Higher wages!!! Does it all start over again?