It seems that the fears of the economy instantaneously crapping itself were somewhat overblown, although things may change in time.
Here's the national average house price chart, with a (my) trend line drilled through it.
The below chart indexes average house prices to Q1 1993 for England's regions.
The capital city London and nearby University and tech hub Cambridge have seen house prices explode higher, with daylight next.
In the north of England, however, prices have declined over the past year and remain at the levels seen more than a decade ago.