Land increases in value in many ways
-- By increasing demand, including overseas customers.
-- By land gaining planning permission to have houses built on it
-- By infrastructure to support nearby development and by many more ways.
The National Trust is considering buying green belt land and using other measures to prevent the Government further "eroding" the countryside with its house-building plans.
The charity is concerned at a growing "top down" national approach to planning and fears housing targets could have a devastating impact on open spaces.
More than three million homes are due to be built by 2020 under Government plans to address the growing housing crisis.
For
example, a £5,000 plot of land in the South East that gains
planning permission to build a 3 bed roomed detached house on the land,
it could then be worth in the region of £160,000 to a builder
wanting to put a £500,000 house on the land.
Savills plc recently reported that Land prices have risen 762% over the
last 20 yrs.
Savills also state that there are strong reasons to own land; these include:
Development potential - especially where land borders settlements.
-- Lifestyle; ownership fulfils an aspiration; 'to own a piece of England'.
-- performance - driven by capital growth of farmland and
residential property. Quality, location and timing of purchase are important. |