I sorry to say the UK is awash with off plan properties and bank properties at knock down prices, if you have the cash to hold on for a few years, its ok, meaning if you got the cash in your pocket and not into the stock market or investment in other countries.
buying off lan for profit is madness at best, loaning money to buy property in the UK right now for investment is crazy as a investment, but for a home to live will it may be a good time.