I'm new to the forum, so please bear with me if I'm not quite up to speed yet. I watched a BBC programme several months ago when one prominent Belfast agent asserted that we were back to 2005 levels: if this is the case, surely we should be seeing many more properties at rateable value? I've also read comments on the site about rateable value, but when I check out most of the re-sales in my area, they are still significantly above this level (around 1.6 times, sometimes more). There is still clearly a huge divergence between what sellers and estate agents think can be achieved and what the market will/can support. Would-be buyers are constrained either by a lack of bank finance (does the world really want banks to go back to the hugely irresponsible lending of the pre-Lehman era?) or, even if they can obtain the finance, by the knowledge that we are entering a new economic reality. However, vendors and/or their agents do not seem to have come to terms with this yet. Are they perhaps on a different planet to the rest of us on the eve of the Spending Review?