Developers Planning Project

Land is in Demand: Land Purchases Pick Up During Pandemic

According to Realtor Magazine, February 19, 2021, the nation’s leading land brokers report both an increase in business and an uptick in land values as rural land grew in demand in 2020, according to a new survey of more than 100 land brokers nationwide conducted by a real estate land brokerage. 2021 is poised to be another strong year for land purchases, the report says. More than half of the surveyed brokers reported an increase in their business in 2020 over 2019. More than 60% of brokers reported seeing an increase in land values, particularly recreational land and farmland. Brokers reported that the majority of the most recent buyers of land are coming from urban or suburban areas. Nearly 90% of the brokers surveyed believe that land sales will continue to perform strongly over the next year to 18 months.

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