Many investors hesitate to invest in overseas land, particularly in Farmland like Sussex Farmland. When one can buy land in India itself. Well, there is no good reason other than one that in India, one cannot find a good property at the same price. Moreover, investing in offshore land will also diversify one’s portfolio, and once the planning consent is granted, the value of land could move 10-fold than what the investor paid for it initially.
According to a report by the Royal Institute of Surveyors, the Farmland prices increased by 30% in the year 2004 particularly the Sussex farmland has seen a manifold increase in the land prices.
However, many investors can still be found engrossed into myths about investing in Sussex farmland. They do not realize that land carries a price for it, which can yield great returns in the future. Many of them perceive it as an investment with slow growth in its value, while a few presume that land investment carry huge risks. However, the interest rates on land investment are quite low in the UK.
There is no doubt that land returns in the UK is on upsurge. Particularly the Sussex Farmland which is close to development. If you have the money and the appetite for a certain amount of risk (inherent in any property investment), go ahead. Let nothing stop you from buying a piece of England.
The author is a Land Expert based in the UK. |
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