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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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Councillors
vote to redraw Oxford green belt
30/06/2003
(source: RICS)
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Oxfordshire
councillors have approved plans to build a 1,000 home urban
extension to Oxford in the city's green belt.
A
full meeting of the county council voted last week to approve
changes to the Oxfordshire draft structure plan under which land
near Oxford United football club to the south of the city's ring
road will be released for housing development.
Oxford
city council supported the changes that affect mainly land
belonging to Magdalene College. The 1 000 homes will be built in
the Oxford green belt instead of at Bicester which was the
structure plan working party's recommendation.
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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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