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: --
At least two landbankers have recently gone bust, leaving investors holding almost worthless plots of land.
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.
The keys of the house went to a landbanker who joined the bidding at the last moment.
The farmer is not a landbanker - he has just been lucky.
Landbankers own the 500 hectares of land on the city's fringes.
NYA ORD
European
May 10, 2021
DAGENS ORD
Shimmer
landbanker