On the issue of planning, she said: “But we also recognise that rising house prices fundamentally reflect demand that greatly exceeds supply. Addressing imbalances in the housing market by alleviating supply-side constraints will require further measures to increase the availability of land, land for development and to remove unnecessary constraints to land use.”
The IMF’s report also criticised the “unnecessary constraints on brownfield and greenfield developments”.
It’s the chitty that allows you to build on a piece of land that is rising in scarcity value.
The solution therefore is to issue more chittys.
It’s really not rocket science you know.