Property website, Rightmove has said in a new research that the concerns that the government stimulus package for the housing sector are pushing up prices and would result in a property bubble are over stated.

The UK government is offering two schemes to revive the property market in the UK but some suggest that the schemes could result in a property market and affect Britain's financial stability. Economists in the UK have dismissed concerns that the country is headed for a property bubble.

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. Many have said that the `Help to Buy scheme' of the UK government could push up the prices of the houses in the country but experts have said that schemes have helped boost the housing market and helped in its recovery.

Under the scheme, people in the UK will be able to buy a home with a 5 per cent deposit and the UK Government will act as guarantor for a mortgage for an extra 20 per cent of the value of the property. The Bank of England has indicated that it is watching the UK's housing market carefully for signs of overheating as the prices of houses rise and mortgage lending increases in the country.