CPRE wants 'land banking' regulation
The Campaign to Protect Rural England (CPRE) is launching a campaign to get the practice of "landbanking" regulated by the government.

There are 29 companies offering plots of land for sale, many of them in or close to green belt land.

The principle is simple. You buy up a piece of agricultural land, divide it into smaller plots, upwards of eighty square metres.

You then sell those plots, often via the internet, to investors, who are told they will get a healthy return when the field is eventually bought up by a developer.

But most of these plots are in areas which local authorities say are unlikely to get planning permission.

(Via BBC News. To read the full story, click here)



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