I totally agree, here in Romania, prices have skyrocketed since the banks became involved... one might argue they fund new construction but the downside is it's destroying a lot of the authentic inner cities with "ugly" high rises...

Also somewhere there is a succinct explanation of how when you want a loan from a bank for a new property, they go to the central bank and get one to finance you, thereby creating money out of thin air, and adding to monetary inflation... but please correct me if I'm wrong

It would not simply because there are always greedy investors, airbnb profiteers and money launderers who will pay any price asked.