Why have UK property prices become so detached from household incomes?

[Nicholas Wallwork]

There is no doubt that first-time buyers in the UK are finding it ever more difficult to climb aboard the property ladder. Even the recent 2008 US led mortgage crisis, which led to a collapse in worldwide property prices, gave little respite to first-time buyers with many properties still out of their reach. So, why

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Personally I also think that the new build issue has played a greater role than your article suggests. It has been in the interest of governments in the past to maintain the forward momentum of property markets, and upward price movement, to keep voters happy.