Matt.GC
TS Member
Buying brownfield sites in the UK is practically risk free, what with an increasing population and national housing crisis. McDonald's and Tesco have owned land that's never seen a cheeseburger or cabbage and some of us might be sat in a house built on land they previously owned right now without ever knowing about it.
Land Banking is easy. Buy the land and if Dorris at number 43 complains about the colour of entrance signs, which results in a cash starved council demanding you pay for the new bypass that they've wanted to build for the last 15 years, you just flog your land to Persimmon or St Modwen for a tidy profit and walk away.
Land Banking is easy. Buy the land and if Dorris at number 43 complains about the colour of entrance signs, which results in a cash starved council demanding you pay for the new bypass that they've wanted to build for the last 15 years, you just flog your land to Persimmon or St Modwen for a tidy profit and walk away.