the problem with all housing markets is banks borrowing short (deposits) and lending long (mortgage) so there is entirely too much fucking shaky money available for purchasing homes. the second problem is that governments have to explicitly forbid fucking companies and overseas investors and other people who got into wealth through our byzantine bullshit financial system, and make sure that houses are bought and owned by citizens. that this leads to lower house prices for the sellers is too fucking bad. for this to be possible there needs to be jubilee on mortgages and new banks that can not do what the imf forces them to do, so it will never happen. until then even changing the taxes (while helpful) will not fix this problem.
Netherlands