UK land for sale market has witnessed exponential growth in last few years with value of properties showing manifold increase.
It has resulted in rapid expansion of the land banking industry and sprouting up of numerous firms selling land in UK , but all this is about to change with a perceptible slowdown in world economy and a dip in customer confidence levels which threatens to cause a pause in money spending decisions.
A shakeup in UK Land Banking industry is thus on cards which could result in the way this business have been conducted as well as closing down or mergers of many small firms with larger players.
In recent times there have been complaints about unscrupulous players selling land in UK to unsuspecting populace without adequately informing them of pros and cons of such decisions and willfully withholding certain important information. This has led to a renewed thrust by both UK Government as well as established players in the industry for fixing certain guidelines which could ensure that only genuine players are allowed in players are allowed in UK Land for Sale business.
Liberal Democrat MP George Mulholland recently raised this question in the parliament. Excerpts of his speech can be seen at: http://www.libdems.org.uk/community/house-of-commons-westminster-hall-land-banking120706.html
FSA have been active in trying to root out rouge players which are not only trying to swindle general public by promising them guaranteed planning permission but also damaging the reputation of this nascent industry.
Thus a combination of gradual tightening of laws as well as tightening of easy money available for investments in UK land for sale markets is sure to drive out non-serious players.
While investing in UK Land for sale is surely a highly attractive investment avenue but owing to above mentioned factors it is surely advisable for common investors to practice discretion and using only established players for such investments.
Stephen Brewood
Land For Sale in the UK
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