The home buying is out of reach of the millions of people in the UK as the house prices have climbed to more than 150,000 pounds per property. Experts are also not expecting any fall in the house prices in recent times.

As per the report, the population of the UK is rising with a sharp pace and the people need more houses for living but the property prices are going high simultaneously. The demand for houses is well above the supply which means the investment in bricks and mortar seems to be a profitable one.

The housing market has also agreed that the house prices are overpriced and have to fall in after saturation. The numbers of new mortgage applications are also running by half of its pre recession level.

UK has published its economic growth raised by 1.2% in the second quarter of this year which is the strongest growth in last nine year but even after that no changes were seen in the housing market and prices. Usually the economic growth and housing prices are related strongly but now it seems like the relationship has broken.