3 ms·

I don’t know your particular area, but I have experience buying and selling raw land and it’s a much more unique and niche area of real estate that fewer people

I don’t know your particular area, but I have experience buying and selling raw land and it’s a much more unique and niche area of real estate that fewer people are competing in. Are you sure it’s actually zoned correctly and doesn’t have latent disputes? I can give you plenty of stories of people who bought an empty chunk of land for $350k and then 20 years later sold it for around $350k. They would’ve done better investing in Pokémon cards (or anything). Add on the flip side developers usually want to move fast and cash in now, in my experience, not do what you’re describing.

vidarh 1y ago
In this case it's outer London. And, yes, one of the plots has had planning permission for years, and had the owners re-apply regularly for buildings in the 40-75 floor range, and the council has fallen over itself to approve it each time. The other involved a lengthy planning process with a plan agreed around 20 years ago for developments that are still not complete. What you're describing makes sense in a market where there's plenty of options. In London land is scarce, and developers hoarding it makes it scarcer, and so both land values and housing prices have skyrocketed.