And the reasoning? As always Terrorists, pedophile, criminals, etc. Guess what: If those guys have not learned yet to make a big detour around official chat apps, they deserve getting caught. My bet is, those people already have their own secured means of communication. Maybe they have their own encrypted app, or they have a forum somewhere in the Darknet, whatever. But the chance that this new law will catch anything worthwhile is practically nil.
It's always land value plus house value. A friend of mine bought an old farm house on a large piece of land for less than a used car's worth. Why so cheap? The land would be worth a fortune alone, but the farm house was a few hundred years old (take that, USA!), in a bad shape, and listed as a protected building, i.e. he had to do any kind of "making it habitable" under close scrutiny of bureaucrats and historians. The family worked their asses off every weekend for over a decade and spent a fortune on historically correct materials.