@Mame,
High house prices or inflated house prices is a thing of the past here now, the bubble has well and truly burst.
I could have got 1/2 million plus for my home at the height of it, be lucky to get 200.000 now, actually be lucky to sell it at all, no market.
Even so I'm one of the lucky ones, at least I own my home, no mortgage.
There are thousands of people here, a lot of them young people who paid say 450.000 for a house 2 years ago, that's worth say 200.ooo now and their mortgaged up to their eyeballs.