Politicians in the UK have said that the government's schemes to help stabilise the housing market will not result in a housing market bubble, as suggested by some in the previous few days.

Eric Pickles, the communities secretary dismissed suggestions of a housing market bubble and said that package of measures to boost housing market is working towards increasing house building and housing supply in the country. UK's largest house builders, who have always claimed that the lack of mortgage availability has restricted recovery in the property market, have backed the claims by the government.

Many have said that the `Help to Buy scheme' of the UK government could push up the prices of the houses in the country. Critics said that the scheme will increase the prices in the housing market. Wilson said that the funds used for guaranteeing mortgages could be better spent on building more houses in the UK. The remarks from the company came as it reported strong figures for the first half of the year and committed to plough around £12billion in infrastructure projects in the UK.

The government in the UK has been taking steps to support the housing market by providing backing to the buyers. Cable caused doubts over the new scheme saying that it might increase the price of houses in the country. Chancellor George Osborne had announced the scheme in March budget and there were concerns that it would push up prices as there is less supply of houses.