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Why
invest in land?
Why
you should invest in the
fastest growing resource this country has to offer?
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| So more and more pressure is being put on green previously undeveloped
areas surrounding towns, a general term for this is greenfield
sites, and is the most desirable building land. It is therefore
the rarest, most difficult to obtain and thus the most
expensive.
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Unfortunately they will give this impression
because quite frankly no local town wants more development in
their own back yard, and will always initially say no to any
planning applications. This has become such a serious problem
that major nationwide property developers are having to lobby
parliament to encourage local authorities to be more lenient and
understanding. It is no secret that it can take many years of
planning applications before local planners agree to a
development, and many firms make a good living out of simply
progressing planning applications. Obviously planning
applications can be taken through various appeal stages and John
Prescott has made many initiatives to get councils to release
greenbelt land for development with increasing success. He has
promised "hundreds of thousands of new homes in the south
east to tackle the massive local shortages. Local planners are
just normal people who have a job to do, and if they agreed to
just any development without question our towns would be a
bigger mess than they are now. Greenfield sites are constantly
and continually being released for development and we all know
of sites where just a few years ago it would have seemed
impossible to contemplate development on that are now housing
estates with hundreds of houses. Housing is always needed,
pressures are getting greater and planning authorities,
officials and policies come and go and will change over the coming
years. It is not normally a case of whether You will get
permission but when.
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Land prices
have risen by more than 926%in the last twenty years
out-stripping house prices.
Source:
BBC |
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| Large
developers have been ‘stockpiling’ land into their own
land banks with the knowledge that in future years as
towns and city’s naturally expand planning will be
granted. |
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| This enables
the shrewd private investor to emulate the fortunes that
have been made by developers without tying up huge sums of
money. |
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