I mean, I think we could probably conclude it's a mix of both. But one way to nearly know for sure would be to observe the turnover of housing supply in that area.
> But one way to nearly know for sure would be to observe the turnover of housing supply in that area.
Could you describe what you mean? What direction of effect would you expect?
But building skyscrapers would mean more units could be sold, thereby greatly increasing the value of land - as long as demand is there in the lower price ranges.