Can I share an article with you that blew my mind?
A horrible truth is that land in the UK is not in the least "scarce"... As follows:
"The United Kingdom is 60 million acres in size,
of which 41 million are designated "agricultural" land, 15 million are "waste" (forests, rivers, mountains and so on) and owned mainly by the Ministry of Defence and the Forestry Commission, and
four million are "urban plot", the land on which most of the 60 million people of these islands live. In sum, 69 per cent of the acreage of Britain is owned by 0.6 per cent of the population. Or, more pertinently, 158,000 families own 41 million acres of land while 24 million families live on four million acres."
The UK population only lives on 4million acres, .... no wonder the price is high!
From:
http://www.newstatesman.com/200409200005(That article had me baying for land reform, I can tell you!!)