landbanker betydelse and definition

Betydelse av landbanker på svenska

• 0 someone who buys an area of land in order to make a profit by selling it at a much higher price to those who hope they can build houses, etc. on it in the future:

  • Typically, landbankers buy land for under £10,000 an acre and then sell plots of one-tenth of an acre for £8,000 to £16,000 each.

  • At least two landbankers have recently gone bust, leaving investors holding almost worthless plots of land.