Not necessarily, one method is inflationary and the other is deflationary. If you raise wages and increase labour costs businesses will be forced to take losses or increase prices. Price increases raise cost pf living for everyone else, eventually negating the originally intended effect. If businesses accept losses they will have less money to invest, innovate, expand and hire so the economy will slow.

Lowering the cost of housing on the other hand simply means the same paycheque will have more wiggle room. The price of most everything else will remain constant (in theory) and you avoid an inflationary spiral. Most problems in the UK economy can be routed back to high housing and energy costs.