The only reason house prices are remaining so high is that uninformed people are pannicking and stretching themselves to the limit to get on the ladder worried that they will continue to rise They are so stretched that any more interest rate hikes, which are on the cards will see many houses repossesed. Many have taken interest only mortgages which are a joke. You are better off renting. Once these fools are bankrupt the House prices will come plumiting down. Why do you think banks lend you up to 7 times your salary, It's because they desperate to tie you into a large money making mortgage not because they are trying to help. Also the only ones who still tell prices are rising are the estate agents who are scared to death of the truth, and in the hope of persuading the uninformed scared buyer into parting with there money.
Please do not fool for this, use your brain look at the ecomony, higher interest rates, unemployment, recession round the corner and wait a little while you are the only ones to blame for propping up the prices.