It was reported that a particular plot of land was sold at £150 per square metre, a mark-up of around 5000% to investors in Asia.
Havering Green Belt for Sale in England
If the plot of land does not end up getting planning permission, you can bet that the resale value of the land will be much lower compared to what investors paid for them.
Just think about it. Despite all the “planning permission potential”, the original owner of the land has seen enough value to want to sell the land to the land banking company at around £3 per square metre. Why not keep the land for themselves, apply for planning permission and sell it at £1000 per square metre if they are successful?