The housing bubble has lasted for a longer period of time in U.K and it is being said that property in U.K is overvalued by most conventional means. Since the prices have been skyrocketing for such a long time, people are getting a feeling that whether ever they would be able to become first time buyers.

People are getting desperate to buy a property and this desperation has only shot up the prices. With banks making loan cheaper this has further accentuated the problem. The major reason behind this is that lenders are offering easy loans to the people to fund their purchase and this is what is making the prices of property to climb up.

Now who is enjoying in this party? Definitely it is the developers and the banks which are gaining in this as they want to attract mortgage business as their credit card business has suffered due to bad debts and they feel this is the best way to get out of it but at the expense of poor people?? This is not fair.