Investors Accounted for 17 Percent of Recent Land Purchases

 

A recent REALTORS® Land Institute Survey provides information on the type of buyer in land sale transactions. Investors accounted for 17 percent of land purchases nationwide in the 12 months ending June 2014.Investors bought various land types, with the top types of land purchases being timber (20 percent), development (17 percent), commercial (14 percent), and non-irrigated agriculture land (13 percent).

Close to two-thirds of the purchases were for land in RLI Region 3 (KY, TN, NC, SC, GA, AL, MS, FL) and RLI Region 4 (KS, MO, AR, LA, OK, TX).

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