FSA is harming UK housing market, says Redrow chairman Steve Morgan: By Emma Rowley 13 Sep 2012 writes in The Telegraph

There are more issues than those discussed in this article. In the South East where most of the infrastructure investment has taken place there is a shortage of a serviced land bank and even less available for release to the next generation for new Housing stock. The housing industry needs to change and move away from the false premise that there will be another mass  housing boom which will once again increase their land bank book value.The government needs to provide certainty by placing credit controls back to mortgages or loans not exceeding 76.6% of land value for residential property.Prices will re adjust to more sustainable levels outside high demand hotspots.The house builders will fight tooth and nail to influence the politicians to resist this for purely private economic gain. However to stablise the industry and start competitive growth again this will be necessary.
The future is the renewal of infrastructure,commercial buildings and regional growth.The Housing builders would be advised to start building on their land banks at low market values and convert their work forces to producing offices and factories to provide jobs not more retail debt which caused the current boom.
Lastly to deal with the Thorny subject of unaffordable land values in London.Many point the finger to global investors wanting to hide capital in London's prime residential market causing a further price increases not driven by earned wealth.
In France and Switzerland the current thinking is to not allow overseas ownership of residential property directly or indirectly.This  policy clearly directs investment into commercial development and moderating prices of residential investments which seems to be the straw which caused this depression.