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? Previously aiming for 1 million new homes to be built over the next 20 years, the
Government has since announced that the real target is in fact 3.5 million new homes. This news has fuelled speculation that
a further release of greenbelt and greenfield land is unavoidable
? It is this housing crisis that has driven up the cost
of land dramatically and with an ever increasing population relying on a finite resource, this trend is set to continue
?
Land values across the UK over the past 20 years have seen consistent rises totalling over 926% (source BBC) with no signs of
slowing. As land is a scarce and tangible asset, it is less likely to reflect the collapse in value that stocks and shares
have experienced over recent cycles. Given all of this information many well informed clients are now choosing land over
other investment opportunities.
WHY BUY LAND
? For short to medium term capital growth, up to 10 fold returns
have been achieved on land that has been given planning consent for housing development
? It is a low risk purchase as
land does not deteriorate and is unlikely to depreciate
? Land prices are being forced up due to the scarcity of
residential land
? National affordable housing shortages dictate that large areas of undeveloped land will be potentially
allocated for development
? The demand for new and affordable housing far outweighs supply and the Government has
announced actions enabling much needed development to take place
? The Government plans to build over 3.5 million new
homes over the next 20 years ? with up to 52% of these being on green field sites. (Source ODPM)
? The Royal Institute of
Chartered Surveyors, states - overall land prices rose by up to 30% in the 12 months to November 2004
? Land is a finite
resource and with an ever-increasing population both its demand and value continue to grow. The scarcer the commodity the
more valuable it becomes.
Enquire about this Property in Jaco Beach