Tuesday, August 2, 2011

Buy a small worthless plot for stupid money

Investors' £200m loss prompts land-banking warning

Investors have lost an estimated £200m after investing in plots of land that turned out to be worthless. The huge losses have prompted the Land Registry to warn the public about the risks involved in buying land forming part of a land-banking scheme. These are schemes where it is claimed that the plots of land have good investment value in the expectation of future development, but where there is little or no chance of land ever being developed. It has reprinted its guide, which now includes contact details for organisations that can recommend independent advisers to members of the public considering investing in a land-banking scheme.

Posted by mark @ 01:15 PM (935 views)
Please complete the required fields.



2 thoughts on “Buy a small worthless plot for stupid money

  • With the change in Planning Laws, it seems Land Banks could be a good investment, when run honestly.

    Reply
    Please complete the required fields.



  • Rings a bell.

    Reply
    Please complete the required fields.



Add a comment

  • Your email address is required so we can verify that the comment is genuine. It will not be posted anywhere on the site, will be stored confidentially by us and never given out to any third party.
  • Please note that any viewpoints published here as comments are user´s views and not the views of HousePriceCrash.co.uk.
  • Please adhere to the Guidelines

Your email address will not be published. Required fields are marked *

You may use these HTML tags and attributes:

<a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <s> <strike> <strong>