Forget Falling House Prices - Land Is Booming Just Like Oil ; 1) Business2) Analysis
Evening Standard - London › June 26, 2008
Linked as:
Summary
BUY LAND, they're not making it any more that was the advice of Mark Twain more than 100 years ago, and it still looks pretty sound today. The value of houses, offices, shops and malls may be in freefall but farmland is soaring as the high price of wheat bolsters demand.
Figures from land agent Savills today showed the price of English farmland has risen by a staggering 30% since December, and is now nearly 50% higher than in June last year. It is double what it was three years ago.See the full content of this document
Extract
Forget Falling House Prices - Land Is Booming Just Like Oil ; 1) Business2) Analysis
Not even at the height of the property boom were house prices rising that fast, and experts reckon land will go up another 15% by the end of the year slower growth than before but not to be sniffed at.
Supply is tight and demand has risen sha...See the full content of this document
Sponsored links
