Britain is undergoing its own attempts to cool investor activity in the housing market through making tax deductions less attractive going forward.
It is still early days, since the new tax laws are to be phased in over time, but to date all that has been achieved is an enormous surge in buy-to-let mortgages in order to beat the deadline.
Rightmove's latest asking prices index notched up a substantial +2.9 per cent or £8,324 jump to an all-time high for UK asking prices (+7.5 per cent over the year to £299,287).
Meanwhile London asking prices (+10.5 per cent to £643,843) leapt to an astonishing new high.
Many of London's best performing boroughs have been the cheaper or outer locations, reflecting changes to stamp duty levies and associated thresholds.