I've been saying the same for decades. Same applies to making access to loans/mortgages easier. More money = higher prices.
I agree. It may sound counter intuitive, but I would ban "London Weighting" on pay. It is because people have more income that partially fuels the higher house prices in London.
Mind you, something would need to be done to stop foreigners buying up properties as that is another thing fuelling house prices. I am talking here those who buy them and do not occupy them.
Actually, come to think of it, I own my house in London and will be mortgage free by the end of the year. Lets do everything to force house prices in London to new stratospheric levels far higher than in the rest of the country, then when I retire I can sell and move somewhere much cheaper and have loads of money.
Greed is good, when it is in my favour