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).
For the full report, visit: https://rli.memberclicks.net/index.php?option=com_mc&view=mc&mcid=form_175226