Happy New Year, we just wish it was under happier circumstances than from within the depths of our third national lockdown!
You know how the saying goes, if it looks too good to be true, it usually is. We’ve become aware of many buyers falling victim to false advertising for land sales, and want to help you and your clients avoid suffering the same disappointment and wasted investment.
Running for the hills
The rotation of restrictions, lockdowns, homeschooling, home working and a craving for outside space, combined with the changes to stamp duty led many buyers to the property market in 2020. Whether ditching the city, the suburbs or a home that just didn’t feel fit for purpose anymore, buyers were keen to change things up and bag themselves a slice of the countryside.
Many of those buyers were and still are looking for a more rural outlook, and have been seduced by tantalising offers of land with development potential. It’s easy to see why. What a wonderful idea, swap the flat in Streatham and embark on your own seemingly affordable Grand Design. Unfortunately, some landowners seeing the demand for rural locations and the urgency to escape the cities wasted no time in taking advantage of the situation.
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