Yup. And for small, dense countries like the Netherlands there are also physical constraints. The Dutch try to protect their landscapes, and new development hap

Yup. And for small, dense countries like the Netherlands there are also physical constraints. The Dutch try to protect their landscapes, and new development happens in areas that dont encroach on the farmland. And also, the building code makes new developments relatively expensive, often significantly more so than existing buildings. There are also political and cultural issues at stake. The Dutch are a nation of proud homeowners, and the passing of accumulated wealth from one generation to the next allowed for the prices to keep growing.