The NHF's chief executive has described the UK property market as, like,  "totally dysfunction"... high prices, strict lending criteria, too little social housing, too little building. As a result, home ownership - the NHF predicts - will start falling dramatically, down to 63.8% in 2021 (from a 2001 peak of 72.5%). Less than half of Londoners will be homeowners by 2012, with the number falling to 44% by 2021. The NHF also predicts massive housing related inflation... inflated house prices (due to a shortage of property), inflated rents, inflated waiting lists for social housing .The answer? Build, they say.

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