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Look at Iceland.
Why is their value so high?
This seems to be an equal kind of spread.
More wealth in more wealthy countries.

Is real estate super expensive in Iceland? You don't hear much about what's going on there.

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Land shouldn't be too expensive. The country is huge for just 300k people

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My sense that most of it isn't very habitable for geological / logistical reasons, sort of like the interior of Australia, but I'm talking out my ass.

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Im betting that 98% of their wealth just stays on the island.
So it will only continue to grow.

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I have no idea.
I just know they have beautiful green grass.

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