[FranzFerdiNaN]

Here in the Netherlands this is absolutely not true for houses. My house, despite no renovations done, has more than doubled in value over the past ten years. Housing shortages make sure that existing houses are definitely not losing value.

[dbsmith83]

But is that the value of the building, or the land that is increasing for yours? My home (building + land) value has gone up a ton due to the housing shortages in tech centers, but on the assessment, the building value has gone down, while the land value has shot up a lot.