The Ruling on the Rise in Real Estate Prices

Question:
The exaggeration in real estate prices in our current time, O Honorable Shaykh, and the demand for large sums of money, is there a word for them?

Answer:
The issue of buying and selling follows the prices in the markets, in order to take into account the interests of people. If the rise in price is due to high costs that people have no control over, because of the scarcity of items or the great need of people, then this is not prevented, because as the Messenger (peace and blessings be upon him) said. But if the rise in the prices of land or other things is due to the manipulation of people, the manipulation of traders and fraud, then it is obligatory for the one in authority to prevent it and to compel them to sell as people sell. Yes.