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        Brown backs building and fixed-rate deals
  10/06/2003 (source: The Times) - continued


In the United States, whose housing finance system was singled out for praise by the Chancellor, Professor Ball said market stability was largely a myth.

“The argument that long-term fixed rates are better does not hold,” Professor Ball said. “Variable and fixed-rate systems appear in countries that have experienced property booms. Neither delivers more or less volatility.”  


 
Land prices have risen by more than 926%in the last twenty years out-stripping house prices.
Source: BBC
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.
This enables the shrewd private investor to emulate the fortunes that have been made by developers without tying up huge sums of money.