To be perfectly honest, recession has still not really hit the UK, 22nd June will put that right tho, house prices only hit those that want to move which really, in most cases is a luxury, lets not forget that prices have recovered to within 10% of their highest!
Yeah there has been job losses but personally I know of 1 person that has lost his job, but to be fair probably would have happened anyway. The house market has never been so busy, estate agencies can't get properties quick enough and there are loads of jobs going