• Buy properties from builders at current artificially bloated prices to soak up supply.
• Continue with the Affordable Housing schemes and buy up excess stock.
• Provide artificially cheap credit for mortgage applicants.
• Put pressure on savers while providing tax incentives for property purchasers.
• Take a loan and build badly needed infrastructure.

Who will benefit?

The first four measures are not needed for home buyers as prices are fast becoming affordable. The only groups to benefit from these measures would be the builder. The benefit to the builder would be temporary due to the massive oversupply. All measures to bail out the builder are at the expense of the tax payer. Affordable housing is unnecessary and will leave buyers in negative equity with detrimental restrictions in place to stop them selling their home. They will not be able to get back what they paid for it and they will owe a large amount of money for moving before the term. Double jeopardy. The best course of action is to wait until prices drop to a level they can afford.

The last measure is a sensible approach. It would go some way torwards employing workers from the property building sector, providing new hospitals and schools.