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These days, the prices of new properties here are fuelled mainly by speculation.
"The number of sales agreed is outstripping the number of new properties coming to the market.
The number of new properties in the foreclosure process had peaked seven years earlier, in 2008.
Previous busts have taught them to control the inventory of new properties coming to the market.
Purchases of new properties fell by 6.4% to a still impressive 1.1m units.
However, landlords reported that there was an insufficient supply of new properties for downsizers to move to.
For a list of new properties from Rentvillas.com, click on Our Featured Properties, and then Recent Additions.
"Housing costs are determined by a large number of factors, not least the amount of new properties being built.
The extension, which was announced in the chancellor's autumn statement, will be available to buyers of new properties in Greater London costing up to £600,000.
As well as inventing products, the show also created a range of new properties for existing elements, and new elements entirely.
It has been claimed the scheme will drive up prices by increasing housing demand without stimulating the supply of new properties.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com