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National Bank warns of the social consequences of increasingly scarce land
Economy The National Bank of Belgium, at the presentation of her annual report, interestingly, also pointed to a social problem: the increasingly more difficult access to housing as a result of the relative scarcity of building land. It is estimated that the higher land to eighty percent contributes to the higher real estate prices.

"We see that the land is much more expensive. Building land is scarce and prices have increased dramatically. According to our estimate represents the higher land 73 percent of the increase in property prices in Belgium. In Flanders, this is even eighty per cent," says mr Pierre Wunsch, the governor of the National Bank of Belgium.

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"The last years we have this story seen from the point of view of financial stability. But now we bring about a more general message. It is gradually becoming a social problem. The next generation will have more difficulty to access to housing”, it sounds. "We must avoid that it comes to an explosion of house prices."

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