Germany has had flat land prices in real terms for a long time because they have many small banks who are issuing against productive endeavor first and foremost

Germany has had flat land prices in real terms for a long time because they have many small banks who are issuing against productive endeavor first and foremost. Hence Germany as an industrial superpower. They also make it easy to procure land to build on to avoid the artificial scarcity used to drive up prices. These are all understood problems.