Hi! Off late, there has been loads of ads in varioud news papers and other media sources regarding land investment opportunities. The site is www.ukli.com. They claim that the average rate of growth of land in the areas mentioned is around 20% per year. And when the land is re-zoned, the value will go up by 7-800%, which is expected in 3-4 years. I wanted to check the authenticity of such claims as well as if the land that is claimed actually exists. Also, if someone has invested in any such plans, please share your experiences. Rgds
Most liklely a scam. There was a field of farmland near where i live that was split into plots and sold cheap on the internet. This particular piece of land would never get re-classified, re-zoned or whatever they call it.
Land in a town or city and your sitting on a gold mine, not so sure about farms, fields etc. But hey, there always building new houses and flats. Who knows.
It's the re-zoning that's the high risk - since it may or may not happen. Unless you are a property developer with experience in this niche, I would be wary. Either way, the old rule always rings true - never invest more than you can afford to lose... Eastern europe offers better returns at the moment imo, and that's just buying existing properties cheaply and refurbishing them, no worries about planning, just stability of the country. Choosing your locations well is the key there.
it is however, a real company ---- the UK Companies House: http://wck2.companieshouse.gov.uk/3a09b1c3338c90c58da0a2622aaf1e23/compdetails dunno....prices sound a bit off - most things like that would cost you £100,000 upwards, not below £20,000
Amilo! Thanks for the info..the site was of help...would anyone know if the prices that ukli.com is quoting is way above the reasonable price or just 20-30% high?
That's an interesting concept, I've never seen it before. The ones in Kent don't seem in bad locations, one is just a few miles of the M25 and 30 mins from Heathrow. For less than £10k, it seems a bit too good to be true!