Spring in the countryside (part II)

Gold bullion, prime London real estate, muddy fields. If it sounds like there’s an odd one out in that list, there is – in recent years, the muddy fields have proved to be a much more lucrative investment than the other two, as a perfect storm of voracious demand and scarce supply has driven land values to an all-time high, with continued annual growth predicted at 6%. As an asset, land has a unique set of characteristics. It is reassuringly tangible and durable, it is finite – they aren’t making any more of it, as the cliche goes – and it can be used in many different ways by different types of investors. Land is also extremely illiquid, and it exerts a powerful psychological hold over its owners, which can foil economists’ best efforts to predict how it will perform. So how long can values really continue to rise? And what does this rush of investor interest mean for the farming industry itself? That’s what I set out to discover in this feature for Modus, the magazine of the Royal Institution of Chartered Surveyors.

Author: Katie Puckett

I'm a journalist who has been writing, editing and subbing business magazines for nearly 20 years. I write regularly on all aspects of the built environment – architecture, engineering, construction, property, investment, housing, planning, economics, sustainability, climate change adaptation, technology, insurance – and I’m always up for getting to grips with new topics. I’m also co-founder of Wordmule, a company that creates bespoke editorial and marketing content about buildings and cities.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s