There's an interesting spat developing between the traditionally bearish economists over at Capital Economics and the traditionally bullshitting estate agents over at Agent HQ. CE are daring to dispute the NAEA's remarkable claim that prices are likely to double by 2016. It appears the NAEA have made their predictions with little regard to the very different underlying economic and market situations (primarily, the direction of interest rates and the current valuation of the market). There's an interesting read here.