Overall I doubt it. The UK had 10 years of property appreciation in the past 3 or 4 years alone. Some patches will rock on but the starter home in Hackney or Deptford has probably peaked already and will remain flat for a long time ahead.
London , the M25 corridor and the M4 corridor to Cardiff will continue to grow for a variety of reasons...but not at breakneck speed however the hollowing out of the British economy in places like Birmingham (where rover and their suppliers were) will have an effect on many of the Regional markets over there.
In order for the outer suburbs in the UK to do well there has to be an equity cushion for the seller to punt into trading up. If capital appreciation is stagnant in the starter areas and if interest only mortgages are more like the norm then there is no hard equity to punt into the cost of the move ....is there?