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Many people who buy UK land for sale see it as a way to riches, but for most it ends up in disaster.
The sales talk is fantastic, as investors are promised huge returns but in most cases investors pay vastly inflated prices, for land that never gets the required planning permission promised.
Here we will look at UK land for sale, why you need to be wary and a country that can make you far better profits from land for sale.
Let's look at UK land for sale and why most investors lose.
Planning permission
Most investors are told that if they buy a plot of UK land for sale and it gets planning permission then the value of the land will rocket in value as house buliders move in and develop it.
Of course the big variable is "if"
In most cases it simply does not happen and even if it does it can be 10, 15 OR 20 years down the line.
Many companies say it's imminent and say it's going to be within a couple of years, but of course if it was and definite they wouldn't need to sell it!
If they are so confident they could make a profit themselves
Land is sold at vastly inflated prices
Of course, the UK land for sale they are selling is also sold to you at a vast mark up to cover their costs!
So what do you have? Land you have bought over the odds for, that has slim chance of making money and in most cases is never granted planning permission!
Not every company selling land for sale in the UK misleads people and there are honest ones who point out the risks and the timescales involved.
However UK land for sale investments remains extremely risky due to the difficulty of planning permission being granted for land plots.
A better alternative
Uk land for sale sounds a great investment in theory but as we have seen the difficulty of getting planning permission and even if it is granted make it at best long term investment and at worst a dud investment from day 1.
Costa Rica land for sale
There are plenty of other countries to look at that offer far better rewards with less risk and Central America remains one of the boom areas for land for sale investments, with Costa Rica being the market of choice for many land for sale investors
Why?
Quite simply, because land prices are rising as Americans are buying second homes in record numbers.
With homes in Costa Rica up to 70% less than in the US and only two hours away, they are seeing the opportunity and buying record amounts of real estate and land is needed of course to built on.
Foreign investors are making great gains
By buying land for sale in Costa Rica they are either selling them on or developing them themselves and selling on and making great gains
Planning permission Is Easier & triple digit gains
With gains of 500% since 1997, it's a solid investment and many investors have made much more by buying land for sale in the right location.
Unlike UK land for sale if you buy in the right spots planning permission is easier and quicker and you don't have to gamble on it
This is the major problem with UK Land for sale and why the bulk of investors lose.
Is Costa Rica land for sale better than UK land for sale? Read the above and decide for yourself.
This land boom will continue
The Costa Rica land boom looks healthy as 70 million baby boomers in the US are due to retire in the next 10 years and they are looking to maintain their standard of living and their looking at Costa Rica.
Costa Rica land investment is easy
The buying process is simple; you get the same rights as residents and its very tax efficient.
Do your homework
In any land for sale investment make sure you choose a reputable company and make a cool judgement on the facts.
As we know in any land for sale investment buying in the right location is the key and Costa Rica is no different, but choose wisely and you can build serious wealth over time.
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