Have any cities (with a good economy) managed to prevent rapid increases in real estate costs?

The Politicus
Apr 27, 2017 10:31 AM 0 Answers
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Cities like London, Paris or Tel Aviv experience frequent complaints about the cost of real estate. Some blame speculators, others blame rich oligarchs from abroad, others say not enough new buildings are being constructed, etc. There are numerous proposals on how to resolve the issue: rent controls, high taxes on vacant properties, allowing squatters to settle in empty buildings, removing restrictions on height - all of them with significant trade-offs and from what I see few end up reducing the pressure on the market.

Have any well-off cities managed to keep real estate prices on a reasonable level? If so, how did they achieve it?

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