Prof Drudy's winners...

Speculators and investors

Developers and landowners

Financiers (banks, building societies)

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)