Is it time to buy land?
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.
Share this..
Related stories
Government warned about leaking information to the press
John Bercow, the new Speaker of the House of Commons, has today reminded the UK government that all future key policy statements must be heard by the House of Commons rather than being leaked to the press. His comments come as the UK government stands accused of leaking documents and information to the press with regards to the Bank of England and the potential for changes in the regulatory system...
Read MoreNew Tesco Finance Director joins three months early
23/09/2014 Tesco have announced that their new finance director, Alan Stewart, is to start work three months early. The move comes after reports emerged that the company overestimated their profits for the last six months by £250m. Alan Stewart has been the finance director at Marks & Spencer for the last four years, and had three months left on his contract before he was allowed to join...
Read MoreWill the UK economy mirror the US?
As the US economy starts to stabilise, and appears ready to form a base for the future, there is a growing feeling that the UK is headed in a similar direction. Even though the UK economy may in the minds of many economists be slightly ahead of the US, in that a stabilisation period seems to have been initiated some weeks ago, there is a feeling that the journey of the two economies to recovery wi...
Read MoreHouse Prices Forecast To Rise By 30% Over Next 4 Years
In the middle of the doom and gloom of a major recession it can be very easy to bandy around some headline grabbing numbers and pull in interest from the property sector. Whether the forecast 30% bounce in house prices between now and 2012 actually materialise is a different matter but the Centre for Economics and Business Research (CEBR) seem to think this is a strong possibility.
...
Nationwide warns on UK housing
After reporting pre-tax profits of £117 million for the six months to 30 September, a fall of 63% on the corresponding period last year, Nationwide has today warned of "inevitable downward pressure" on UK house prices next year. This is a stark warning from a company which is well respected in the UK property sector and would appear have its " finger on the pulse" of the UK housing market. So wha...
Read More