Rates of Return for Land
Land prices in the UK increase in a manner similar to housing.
The demand for land for sale in London and the UK is such that the Government’s Valuation Office Agency recently reported a 23% rise in land prices.
This 23% rise comes at a time when stocks and shares are dramatically falling in price and when banks are offering rates below 5%.
Land shortage steepens price climb
Estates Gazette
"There is "no end in sight" to the land shortages that have driven prices up by almost a quarter in two areas of the country.
Latest Valuation Office Agency figures show that the bulk development land prices have risen by 23.8% in London, 23.2% in the East of England and an average of 12% across England and Wales in the 12 months to April 2002.
The 4,000 strong government executive agency, which values land for sale UK and buildings for tax purposes, forecasts that land prices will rise by 8 - 9% annually in the next two years."
Builders try to push open the door for new houses
The Times
"Greenfield land near roads and commuter towns that may receive development permission is soaring in value.
The price of residential land for sale UK has increased a staggering eight-fold over the last 20 years.
A shortage of residential land combined with buoyant demand for new properties lies behind rising prices says the Halifax survey."
