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land that can be built on is the new craze
Buying undeveloped land that can be built
on is the new craze - and given the supply and demand equation
in relation to the UK's housing needs it is not difficult
to see why.
Look around your home town and a pound to a penny says that
you will find one property or another appearing on land
that you would not have thought could contain such development.
Yet it is all the rage as back gardens fall into the hands
of developers and homes start to sprout up in the most unlikely
of places That means there is money to be made from owning
land that has building potential and today land speculation
is all the rage.
How often have you heard about substantial profits from
buying land cheaply and obtaining residential planning consent7
How often have you thought that the market is only available
to developers and professional speculators? Buying land
for sale in Britain appears attractive during a period when
property still seems to be the best and safest investment.
But there are a number of factors that the investor new
to the potential in self-build land needs to know about,
even though investment land for sale has been considered
by many to have performed well over the past few years.
The value of land has risen dramatically in recent years
(almost 24 per cent last year), and with the current shortage
of affordable housing, the value of self-build land development
looks set to rise again. This, coupled with the fact that
land is seen as a real investment and that the supply of
self-build land cannot be manufactured out of nothing, shows
why building plots of land for sale are viewed by many as
an attractive investment opportunity.
Even so people buy land for different reasons. Some wish
only to care for animals or use their land as a pony paddock;
others take a long term investment perspective and hold
on to their building plots of land for sale for many years,
waiting for the value to appreciate. Many people also use
their plot as self-build land to build their own 'dream'
The internet now allows land agents to market plots of self-build
land for sale to the general public rather than just public
bodies, farmers and the landed gentry as previously.
Because you are entering an unknown, a land agent can help
with the buying process. To the man in the street, or even
to those more experienced in financial matters, self-build
land development is probably a foreign business Many people
are experienced in the purchase of new homes and there is
some overlap between this and the purchase of land, but
there is also a great deal of territory between the two
As with any investment, there is an element of risk with
investment land. And, of course, it is about speculation
and having an eye on the long game. The government has already
said that to cope with the demand for housing in London
green belt areas will need to be developed The figures suggest
40 per cent development of greenfield land and 60 per cent
of brownfield sites.