Prof Drudy's winners...
Speculators and investors
Developers and landowners
Financiers (banks, building societies)
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Estate agents
Solicitors
Landlords
Some homeowners
Government (through duties)
And the losers...
The property-less
Homeless
Young couples starting families
Low-income/temporary workers
Unemployed
Ethnic minorities
Disabled people
Tenants
First-time buyers
The country as a whole (as other investment has been foregone)