Unfortunately, the classic remedy for a nation of increasing interest rates and tightening borrowing eligibility criteria would:

(a) tank the domestic economy, &

(b) encourage foreign pools of capital to buy insofar as domestic real estate prices weaken in comparison to corresponding prices elsewhere.

The reason for this is that this asset inflation is a global phenomena & it is therefore difficult for domestic monetary & fiscal authorities to tame the domestic market unilaterally without imposing significant deflationary pain on the domestic economy.