{"id":7962,"date":"2018-01-30T00:00:00","date_gmt":"2018-01-30T00:00:00","guid":{"rendered":"https:\/\/amazingproperty.com.ng\/blog\/will-land-prices-keep-booming-in-2018\/"},"modified":"2018-01-30T23:54:40","modified_gmt":"2018-01-30T23:54:40","slug":"will-land-prices-keep-booming-in-2018","status":"publish","type":"post","link":"https:\/\/amazingproperty.com.ng\/blog\/will-land-prices-keep-booming-in-2018\/","title":{"rendered":"Will Land Prices Keep Booming in 2018?"},"content":{"rendered":"

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Higher prices are behind the land boom. The U.S. dollar volume of land sales increased at a stronger pace of 4 percent from October 2016 to September 2017 compared to the prior 12-month period, according to the 2017 Land Market Survey, produced by the REALTORS\u00ae Land Institute and the National Association of REALTORS\u00ae. Sales on\u00a0all types of land posted an uptick; residential and commercial land sales grew by the highest amounts.<\/p>\n

Higher prices drove most of the increased dollar volume in land prices rather than due to higher transactions volume, the report shows.<\/p>\n

Residential land sales increased 5 percent while commercial land sales rose 4 percent in 2017, according to the report. Sales of agricultural irrigated and non-irrigated land each increased by 2 percent, a reversal from a sales decrease in the October 2016 survey. Agricultural land sales rebounded as commodity prices for livestock, cattle, and grains stabilized after a downfall between 2012 and 2016.<\/p>\n

The highest bulk of land sales in 2017 were of residential land at 28 percent and recreational land at 21 percent.<\/p>\n

Respondents surveyed expect an increase in the dollar volume of land sales for all types of land to continue in 2018. The strongest pace is expected in residential and recreational land sales, both forecasted to grow by 4 percent from October 2017 to September 2018.<\/p>\n

\"\"<\/p>\n

\u00a0<\/p>\n

Source: \u201cResidential and Commercial Sales Bolstered Land Market in 2017,\u201d National Association of REALTORS\u00ae Economists\u2019 Outlook blog (Jan. 22, 2018)<\/em><\/p>\n<\/div>\n<\/div>\n

Realtors <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Higher prices are behind the land boom. The U.S. dollar volume of land sales increased at … Will Land Prices Keep Booming in 2018?<\/span>Read more<\/a><\/p>\n","protected":false},"author":1,"featured_media":7963,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"advanced_seo_description":"","jetpack_seo_html_title":"","jetpack_seo_noindex":false,"jetpack_seo_schema_type":"","_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_feature_clip_id":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2},"jetpack_post_was_ever_published":false},"categories":[4],"tags":[41,818,479],"class_list":["post-7962","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-opportunities-in-new-markets","tag-property","tag-real","tag-realtor"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2018\/01\/NAR_land_study.jpg?fit=634%2C371&ssl=1","jetpack_sharing_enabled":true,"jetpack-related-posts":[{"id":5668,"url":"https:\/\/amazingproperty.com.ng\/blog\/the-demand-for-land-widens\/","url_meta":{"origin":7962,"position":0},"title":"The Demand for Land Widens","author":"Amazing Property","date":"August 7, 2017","format":false,"excerpt":"A dearth of suitable land for residential development is posing a big challenge for the real estate market. The 2017 REALTORS\u00ae Land Institute survey shows that the overall number of land transactions over the past year for residential use is up, clocking in at 25 percent of the total. Prices\u2026","rel":"","context":"In "Opportunities In New Markets"","block_context":{"text":"Opportunities In New Markets","link":"https:\/\/amazingproperty.com.ng\/blog\/category\/opportunities-in-new-markets\/"},"img":{"alt_text":"DN_RLI_new-home.jpg","src":"https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2017\/08\/DN_RLI_new-home.jpg?fit=400%2C258&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":5378,"url":"https:\/\/amazingproperty.com.ng\/blog\/foreign-u-s-home-sales-shatter-records\/","url_meta":{"origin":7962,"position":1},"title":"Foreign U.S. Home Sales Shatter Records","author":"Amazing Property","date":"July 19, 2017","format":false,"excerpt":"Foreign investment in U.S. real estate has surged to a new high, with property expenditures skyrocketing 49 percent over the past year, according to the National Association of REALTORS\u00ae\u2019 2017 Profile of International Activity in U.S. Residential Real Estate. Nearly half of all foreign sales were in three states: Florida,\u2026","rel":"","context":"In "Opportunities In New Markets"","block_context":{"text":"Opportunities In New Markets","link":"https:\/\/amazingproperty.com.ng\/blog\/category\/opportunities-in-new-markets\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2017\/07\/NAR_International.jpg?fit=540%2C665&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2017\/07\/NAR_International.jpg?fit=540%2C665&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2017\/07\/NAR_International.jpg?fit=540%2C665&ssl=1&resize=525%2C300 1.5x"},"classes":[]},{"id":7733,"url":"https:\/\/amazingproperty.com.ng\/blog\/luxury-sales-slow-high-end-inventory-grows\/","url_meta":{"origin":7962,"position":2},"title":"Luxury Sales Slow, High-End Inventory Grows","author":"Amazing Property","date":"January 7, 2018","format":false,"excerpt":"Luxury homes sold at a slower pace in 2017, as more properties in the high-end market were put up for sale, according to a new realtor.com\u00ae report. The number of million-dollar listings grew by an average of 3.9 percent. Luxury properties\u2014defined as those with a sales price in the top\u2026","rel":"","context":"In "Opportunities In New Markets"","block_context":{"text":"Opportunities In New Markets","link":"https:\/\/amazingproperty.com.ng\/blog\/category\/opportunities-in-new-markets\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":6466,"url":"https:\/\/amazingproperty.com.ng\/blog\/nigerias-real-estate-records-sales-increase-in-first-half-deals\/","url_meta":{"origin":7962,"position":3},"title":"Nigeria\u2019s real estate records sales increase in first half deals","author":"Amazing Property","date":"October 2, 2017","format":false,"excerpt":"housing estate in Lagos Amid pockets of social instability in different parts of the country, land prices have continued to rise\u00a0in most regions while prices of office spaces and houses were affected negatively in the real estate market within the\u00a0first half of\u00a0this year. According to a report released by Northcourt\u2026","rel":"","context":"In "Opportunities In New Markets"","block_context":{"text":"Opportunities In New Markets","link":"https:\/\/amazingproperty.com.ng\/blog\/category\/opportunities-in-new-markets\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2017\/10\/housing.jpg?fit=1200%2C675&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2017\/10\/housing.jpg?fit=1200%2C675&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2017\/10\/housing.jpg?fit=1200%2C675&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2017\/10\/housing.jpg?fit=1200%2C675&ssl=1&resize=700%2C400 2x, https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2017\/10\/housing.jpg?fit=1200%2C675&ssl=1&resize=1050%2C600 3x"},"classes":[]},{"id":6697,"url":"https:\/\/amazingproperty.com.ng\/blog\/meager-sales-rebound-underscores-tough-market\/","url_meta":{"origin":7962,"position":4},"title":"Meager Sales Rebound Underscores Tough Market","author":"Amazing Property","date":"October 20, 2017","format":false,"excerpt":"Following three consecutive months of declines, existing-home sales ticked up in September from the previous month\u2014but ongoing inventory shortages, coupled with recent hurricanes, muted any annual gains, the National Association of REALTORS\u00ae reported Friday. 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