Land Registry has published a guide warning against so-called land banking investment schemes which are often advertised as offering big returns on investments in land.

The government department says many investors have handed over thousands of pounds for land that has little or no chance of being developed.

Plots of land are offered for sale, often online, and sometimes with the claim that there will be huge returns when planning permission is obtained for housing or other development. But the land is usually in areas protected from development by planning law.

(Via Land Registry. To read the full press release, click here)
(See also Land Registry Public Guide 21 - Land banking schemes – buying land in England and Wales claimed or thought to have development potential)