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Friday 5th September 2008
As the housing market continues to fall like a stone many people have overlooked what is happening to the land market – land with no planning permission or income stream. Demand for land which could one day be the location for a new home (or homes) has died a death with the housing market tilted well in the over supply section at the moment. So is it now time to look at land as an investment?
The beauty of land in the UK is that it will always be in demand and should hopefully one day receive planning permission. It may not be next month, it may not be next year but one day the price of land will start to move ahead again as individuals look to build their own homes and house builders look to replenish their land banks.
With more than enough new and older homes around at the moment to supply the market there is little or no interest in investment in land for the future. However, take a look around and there may be some great bargains for the future if you are prepared to wait.
As with any investment you need to take professional advice to ensure that any investment suits your specific situation. |
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