Quote:
Originally Posted by deedee1
 Hi,
Depends on your budget???
But for a shrewd investor who can afford to take a risk I would buy a big beachfront plot of land ahng onto it for a few years and sell onto a developer for a big profit with or without planning consent!!
Although with planning consent will ensure that you get a massive ROI- and you should be laughing! |
Hello Deedee
I agree with your statement but only to a extent and if you were buying a large area or lucky enough to sell to someone who wants to build his house there as remember theres alot of coast land there in Brazil, so small land areas you would be taking a big risk as now its getting common that developers generally buy very large unowned land from the council, they would buy alot more land than they need because the more quanity they buy the cheaper the per M2 is. The developer would then sell the land it does not need in small sections at a very high profit to people who want to build a property there for them selfs, if he can to normally pays for the land he actually needs. For example you can buy 1KM2 for £15/M2 or you could buy 20KM2 for £3/M2