House price growth exceeds inflation in the last 50 years of the UK property market

Recent figures show that house prices can never be relied upon as a safe bet, and when people say you never meet a poor landlord, I can point to several particularly after the recent fall in capital values. With all that said, house prices on average have outperformed inflation by an average of over 2.5%. One reason for this out performance is the simple economics of supply and demand, with the constraints of the UK planning system growing ever tighter and the recent lending drought, could these figures show even higher growth?
Or will the property developers and house builders choose to price realistically as the economy has shrunk? One thing that can be relied upon is the UK?s public?s love affair with property and particularly new build houses. It seems for many the dream of buying a wreak and painstakingly restoring it to its former glory has turn into a nightmare as negative equity and the time required for project management snaps at their heels.