Uplifting News
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While I have no idea what the market is like there, here in the US, most of the desirable locations have housing price dominated by land. According to my insurer, full replacement cost of rebuilding my home on the current is less than 1/3 the cost of buying the home. Does it really matter if building code makes that replacement house a little nicer, when 2/3 the cost is the location?
It does, when that additional expense is the difference between being able to buy the home and not being able to. Or when it makes a difference in a developer's decision to build or not build a home.