This is a good article from the Economist looking at the evidence. Check it out!
The article concludes:
The broad consensus among economists is still that rising incomes, lower interest rates, a growing population, and the wider increase in credit availability more readily explains rising prices. Ultimately, there is only one solution to Britain’s housing affordability crisis: build more houses.
In my view, too many young people these days rely upon their parents to stomp up a hefty deposit on a first house or flat. Others expect subsidized housing as a basic right.
I remember that I went to work overseas for three years to save up the deposit on my first home.