Some are starting to say that about the US housing market although it isnt as heated as that. In fact, in Florida here, we experienced a bit of a slow down the past two months. Will it be temporary or the start of another trend?
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It depends... Housing prices over the border (Germany) are much more stable for years! (I bought a vacation home for 45.000 Euro) Almost exactly the same as the last owner payed for it 25 years ago. For the same appartment in The Netherlands i would pay triple that amount. In Amsterdam probably 4 times as much.
I know for a fact that people are struggeling in the Netherlands to pay for housing. Its just to expensive... Salaries simply not grow that fast.