You may have read about the Vision initiative taken by the IPF. Their proposal is to introduce extra banking regulation for property lenders and to have concepts such as ‘Long Term Value’ apply to properties for the purpose of bank valuation. The proposed new banking regulation environment known as Basle III is already mired in discussions between regulators, politicians and banks and so the idea of further regulations specially for the property industry is unlikely to get anywhere and the idea that abstract concepts of value should be applied to free markets will not impress the regulatory mandarins.
In 2009 the IPF predicted that the CMBS and loan industry wall of maturities in 2011-12 would lead to a collapse of the UK real estate industry and merited special UK government support: wrong then, wrong now.