Building land prices on the coast are close to Manhattan prices in New York: have they lost their way to the North Sea?

The sky is the limit for them and they are rarely impressed, but the project developers on the coast are still making big eyes now that the city of Nieuwpoort sold a piece of land of 12.5 ares for 20 million euros. What makes a square meter of building land by the sea up to 72 times more expensive than inland? And haven’t the real estate kings overplayed their hand this time?

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