Prohibitive cost of land
- 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.
Counter-claim
A sudden decline in land prices would reduce the availability of investment funds.
Broader
Aggravates
Aggravated by
Related
Strategy
Value
SDG
Metadata
Database
World problems
Type
(E) Emanations of other problems
Subject
Commerce » Land ownership » Land ownership
Commerce » Purchasing, supplying
Content quality
Presentable
Language
English
Last update
Oct 4, 2020