2007-11-22 22:06:12 · 10 answers · asked by Anonymous in Business & Finance ➔ Renting & Real Estate
Yes.
It has to be the right sort of land - but fundamentally they aren't making any new land - so all land is precious.
By the right sort of land I mean land that has a possibility of planning permission in the future.
Other land such as agricultural, is a good investment as you can pass it on without inheritance tax. It is going up in value faster than other types of land as anyone with a decent wedge of money is using as a tax dodge.
2007-11-22 22:12:14 · answer #1 · answered by Anonymous · 0⤊ 1⤋
Yes.In most of the countries land is scarce and population increasing.Since we cannot create land ,supply is inelastic and demand increasing.If you consider real estate,land alone and land with house;the house do not appreciate as fast as land.So the best investment is in land.But the disadvanage is that there is no liquidity.Incase of emergeny it is not possible to sell land easily and meet your urgent need.
2007-11-22 22:25:51 · answer #2 · answered by leowin1948 7 · 0⤊ 0⤋
Yes if it's farm land.
Grain prices are at the highest lever EVER.
8.50 wheat is an unbelievable price.
If it's land to build a residential home NO.
It will be cheaper to buy an existing home, and with the price of construction materials sky high, you can buy an existing home for LESS than the price to construct one.
Good luck
2007-11-23 09:37:13 · answer #3 · answered by Terry S 5 · 0⤊ 0⤋
It is fine idea.For better returns make investment in industry or business or manufacturing products.
Don't go for land purchase in places like Nandigram.
2007-11-22 22:26:41 · answer #4 · answered by ahmed k 5 · 0⤊ 0⤋
Yes, but you need to make sure that it is in a decent area and that you have the money to carry out your project whatever it is. Builders always want land so should get quite a bit of profit!
2007-11-22 22:14:19 · answer #5 · answered by Anonymous · 0⤊ 0⤋
It is sometimes a waiting game. 40 years ago I purchased many lots in an area, totally, totally undeveloped. The lots were 5 K each and I just sold them for high 6 figures each. Does it work that way all the time, no. You are basically speculating.
2007-11-22 22:42:04 · answer #6 · answered by Anonymous · 0⤊ 0⤋
could be worth while but check to make sure that you will be able to get planning permission to build on the land or it will be next to worthless.
2007-11-22 22:12:52 · answer #7 · answered by taz man 3 · 0⤊ 0⤋
it depends, but usually it is worthwhile. You have to be smart and wise about it.
2007-11-22 22:14:31 · answer #8 · answered by Nat 3 · 0⤊ 0⤋
Probably very appealing to the breed of buy to let / property developing parasites.
2007-11-22 22:10:40 · answer #9 · answered by ace.maverick 1 · 0⤊ 2⤋
yes it is if you do the research needed to make money. If you are lazy..no
2007-11-22 22:33:34 · answer #10 · answered by Bob D 6 · 0⤊ 0⤋