If demand is what is driving prices, sure. Except the government has shown time and time again there are mechanisms (e.g reducing stamp duty) that can prop up p

If demand is what is driving prices, sure. Except the government has shown time and time again there are mechanisms (e.g reducing stamp duty) that can prop up prices while demand is weak. If you look at the last few years of housing policy, you see a picture of increasingly dramatic measures to artificially inflate house prices, independent of the actual value of the houses to the people who live in them.