Does it make sense to buy land?

movilogo

For investment purpose

How much to they cost?
Should I buy farm land or land for building house later?

Thanx for advise.

poppysarah

Buy farm land for farming.

You're unlikely to ever get pp on most greenbelt land.

princeofpounds

Land is a real asset, so is somewhat inflation-proof and good for preserving wealth over generations.

You can make significant gains on it only if you manage to significantly ungrade the economic productivity of the land. I.e. develop it. That is quite hard and for some land impossible, otherwise you will just make a small agricultural-type yield.

To be honest, over the really long term agricultural land hasn't been a great investment compared to other real assets. That's mainly because improving productivity globally has kept food commodity inflation low for generations.

Some people have made large amounts of money however from having land that was previously agricultural and eventually having it become part of a developed area. But that's all about the planning cartel and little to do with the intrinsic investment properties of the land itself.

lincroft1710

Some companies have made millions by buying several acres of ag land on edge of villages, then producing glossy brochures showing a plan of the land neatly divided up into plots with "roads" and then selling the "plots" off individually for £20K+ as "future development plots".

However if you are an honourable person you will not do such a thing.

SouthCoast

Several plots of land can be found at this auction:

http://www.cliveemson.co.uk/listings.asp