The constant increase in the prices for land is a sign of a huge demand for farmland near Slough. Today, an investor can even own land in the UK, while sitting in any part of the globe.
In order to own a piece of England; one need not be a part of rich-class society. An investor can easily afford to buy a slice of farmland near Slough. Thanks to many of the strategic land companies, who offer lucrative land opportunities in the vicinity of Slough.
With growing population, the demand for residential units in the UK is also on upsurge. Particularly near Slough.
In 2004, Kate Barker, member of the Bank of England’s Monetary Policy Committee, conducted a study, wherein she found that after World War II, only 175,000 houses had been built in 2001. In 2002, only 37 per cent of new households in UK could afford to buy a house, compared to 46 per cent in the late 1980s. To reduce the rising prices of residential units to 1.8 per cent, it was estimated that an additional 70,000 private sector houses would be required per year, thus leading to an increase in the demand for land. At the same time, the UK Government is trying to relieve pressure on the county councils by developing land around the big cities like London.
Another fact to be worth-noticing is that over the last 10 years, land values have gone up 370 per cent, and over five years by 226 per cent.
The author is a Land Expert based in the UK and consults on Farmland near Slough. |
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