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Land changes in value simply due to the whim of mankind. A plot of land covered in grass and near a City or Town may be valued at £10,000, but if a few mere mortals in the local planning office say you can build a house on it then suddenly it could becomes worth over £150,000! At no extra cost to you and at no risk. What other investment could possibly achieve this? Well there is one but it involves you picking the winner of The Grand National and you giving your £10,000 to your local bookmaker and hoping. The obvious disadvantage of this method is that if you loose, you loose every penny of your £10,000. That's why so few of us ever do it. But buy a plot of land and it will always be yours until you decide to sell it, and hopefully for a massive profit. You also always have the knowledge that the value of your land is constantly increasing so even if you want to sell it on before planning is granted you will almost certainly make more profit than any other fiscally based investment. Just compare that with a bet on the Grand National.
We must be honest with ourselves, however, the big bucks come when planning is granted, and this may take a few years, most councils have major reviews of building policies every ten years, although circumstances and Governments may prove otherwise.
Many people purchase plots of land to simply sell them on a few years later and accept more profit than other cast iron investments, but the shrewd investor is in it for the medium to long term where the huge life changing profits are to be realised. Many investors buy plots for their Children and even Grandchildren planning for a minor outlay to give them a major boost in their lives sometime in the future. Gifting them a plot of land at today’s small purchase prices can be tax free under current rules. What a wonderful gift.
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