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Land speculation occurs when the demand for land, at the present time or in the near future, outstrips the supply of land. [1]

In stagnant or slow growing economies with fewer options for investment, investors speculate in land creating a "bubble land market"[1].

ReferencesEdit

  1. 1.0 1.1 UN-ESCAP (1998) Urban Land Policies for the Uninitiated

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