Land Prices

In the UK land prices have risen sharply over the last 20 years. Land prices have increased by a staggering eight fold during this time.

The most expensive land in the UK is in and around London and the south East of England.

This increase is caused by the shortage of residential land which combined with the need for new housing.

Over the last 20 years residential land has proved to be a better investment than property with house prices raising around 300% during this time.

Land can be a solid investment for the medium to long term, but the big money is made if you buy land without planning permission that subsequently gets planning permission.

During this current Governments term in office 162 different schemes for developing green belt land have been approved.

According to a report from the Joseph Rowntree Foundation the UK is heading for a property shortage of more than one million homes by 2022 unless house building is dramatically increased from its current rate.

With all the above factors it is not hard to see why people are now investing in land looking for a good return in the long term. It is possible to buy a house sized plot of land for around £10,000 without planning permission; this land should be freehold land.

If the same land plot obtained planning permission the land investor could walk away with £100,000 or more.

Land prices in the UK look set to keep rising as the demand for new homes continues to rise.