Ground Control (opens in new tab)

Underneath unaffordable housing lies a rarely discussed problem: Urban land trade. For not only rents and property prices are on the rise, but so are prices of building land. While property market representatives have been arguing for a long time that housing prices are rising because of rising building costs, recent studies claim that up to 80 per cent of the increase of house prices are determined by land prices. Hence, land price increase is something more fundamental – and it makes the co...