Is buying land dead money unless you develop it quickly?

[nmb]

While there is no doubt that long-term investment in land has the potential to make significant capital gains, is buying land dead money unless you develop it fairly quickly? It would be interesting to hear from anybody who has acquired land whether they have since developed or built up their own landbank for the future.

 

[realdeals]

Nice business if you can get it! The only issue with keeping land for the future is that it will have a financial carrying cost.

 

[nmb]

I always thought that utilising undeveloped land as a car park in the short term might help cover carrying costs. Not always viable I know but there will be occassions where it is.

 

[Longterminvestor]

Great idea - stick a sign up, parking at owners risk, charge few pounds a day and count the cash