Problem

Prohibitive cost of land

Other Names:
Inflated land values
High cost of land
Overpriced valuable land
Rising land price
Land levelling costs
Cost of clearing land
Nature:

Rising land prices make it impossible for hard-working families to buy homes. Land prices make it difficult for new businesses to be housed. Authorities cannot afford to build parks or public transportation systems.

Incidence:

Extreme examples include the indication that the cost of all real estate in Tokyo exceeds the cost of all real estate in the USA. That of Kanagawa prefecture (bordering Tokyo) is equivalent to the cost of all real estate in France, Germany, Italy and the UK.

Related Problems:
Defective land use planning
Related UN Sustainable Development Goals:
GOAL 11: Sustainable Cities and CommunitiesGOAL 15: Life on Land
Problem Type:
E: Emanations of other problems
Date of last update
23.10.2019 – 17:24 CEST