The raw land market has experienced remarkable growth, boasting an appreciation of 86.5% since early 2019. This surge positions raw land as the top performing asset class within the development sector, driven by factors such as increased demand for residential and commercial space and a shift towards suburban and rural living. Investors are recognizing the potential of raw land as a long-term asset, further driving prices upward. The post-pandemic landscape has significantly influenced this trend, reshaping buyer preferences and propelling land values to unprecedented heights.
Key highlights from the current landscape of land appreciation include:
– **Raw Land Appreciation**: An 86.5% increase since 2019, underscoring its leading position in the development market.
– **Pandemic Impact**: Land prices soared by 77%, indicating a substantial shift in buyer behavior and preferences.
– **Suburban Demand**: A notable pivot towards suburban and rural areas has amplified the competition for raw land, driving prices higher.
– **Long-Term Investment**: Growing recognition of raw land as a viable investment long-term asset is fueling its desirability among investors.
You can read this full article at: https://wrenews.com/report-land-prices-soared-77-since-the-pandemic/
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