[gozur88]

>>The population in Britain was 58.95 million in 2000 and is currently 64.04 million.[1] In the same time house prices have risen by an average of 153%.[2] It's reasonable to subtract baseline inflation from that at 55%[3], in which you STILL end up with a 98% increase. And I'm not ignoring the silliness in London; nearly every region of the UK has seen near-doublings of house prices since 2000, with a population increase of about five percent.

>Simple supply and demand dynamics are not at work here.

Price curves aren't linear. If you have a market with inelastic demand, small shortages can produce huge price increases.