Precisely.
Your question on the "economics of land use" - a few pointers:
The choice of housing type by most people in the UK is fundamentally different from your example (Belgium). One would have to envisage removing freedom of choice significantly and forcing people into European-style densities which would not be at all popular. This, choice however will probably be eroded significantly by a quite different and sinister development - watch the financial press...
Land ownership patterns and therefore finance / economics are also fundamentally different from Europe including the relative proportion of owner occupation to overall stock. A further complication is the historic (and hitherto entrenched) lack of interest in rented housing by the large international financial institutions (althought watch out for imminent seismic shifts in the situation as and when the government's hidden agenda re private vs social housing starts to emerge).
The availability of mortgage funds for individuals and their relationship to land / house prices. This may soon be irrelevant however.
Traditionally low access to land by developers is being reduced by changes to the planning system plus - watch this space again and remember you read it here first - the selling off of many parcels of land hitherto used for the benefit of the state (i.e. us). Some examples of this are: privatisation of MOD housing, forced disposal of local authority properties and the frantic and aggressive push to convert schools to so-called Academy status.
On the subject of delays - my point was not really about the inbuilt time lag within the statutory approvals process (planning, building regulations etc) but more around the typical construction time for self builds when compared with large contractors and developers (assuming we are discusing similar methods of construction). The other point missed by many is that the degree of sophistication needed from constructors to build many of the more advanced ecohouses is far beyond the average self builder even if they use sub contractors to a significant degree, which anyway is almost inevitable given the extensive need for testing and certification required bu the building regulations.
Overall dangerous, stressful and turbulent times ahead for housing (and architecture /construction in general) and a most interesting debate.
Oh, BTW, I gather by your reference to 'building warrants' you are in Scotland?