“Buy land,” the saying goes, “they’re not making it anymore.” That is not exactly true – a host of cities around the world, from Boston to Singapore, have been able to add to their land footprint when circumstances required. Indeed, a book out last year, Dublin Moving East – How the City Took Over the Sea by Michael Branagan, documents how Dublin did the same during its boom phase in the 1700s and early 1800s. Nonetheless, recent trends suggest that real estate – in particular housing – enjoys a highly favoured status as an investment asset, both among households, who…

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