It was highlighted by the Property Hawk, way back in the month of December, about the possibility of existence of some of the doubtful land purchasing schemes. Property hawk had already advised unequivocally not to touch some less known sites, which were promoted by some less reputed landlords. Property Hawk has come to know through BBC that a firm by the name “Action Jack”, which markets land is the third firm that would be rounded up for the corporate abuse by the Insolvency Service. Action Jack took the role of a broker for an organization named “The English Land Partnership” (ELP) which was the owner of the property land. Currently, the Insolvency Service which is a subset of the DTI is contemplating to take disciplinary action against the 21 other firms, who are involved in such form of land scams. 

Property Land for Investment:

Citizens cannot deny the fact that for the past 10 years, property land has become a fantastic form of investment. The reason for it is the fact that, the property land is considered to be a remainder cost by the property developers, at the time of executing the developmental sums. This is indicative of the fact that, the property developer would have to approximate the developmental costs, in addition to other expenditures such as profit and finance. This would help them in calculating the total cost of the project. The main difference amongst the two is the cost, which can be afforded to be paid for the property land. The value of the residential properties has started to increase and in addition, the cost of building a property is also on the rise.  This is indicative of the fact that, the cost of the land have increased taking into consideration the increase in the price of the house. In some events, the rate of increase in the prices of land has outstripped the rate of increase in the property rates for the same period of time. This is for the fact that more and more “land sharks” are competing with each other, in order to purchase more and more rare land properties.

Miscellaneous:

The rareness of the land can be seen in the difference in the rates of land, in different areas of the country. In the northern areas, it is observed that the cost of the land is contributing to as much as 40 % of the new property prices.