Investment comparisons have been made between the investment returns from residential property, stocks and bonds. In the closing years of the twentieth century, stocks out-performed both property and bonds. In the early years of the twenty-first century, residential property outperformed stocks.
But the investment gains of converting agricultural land into residential land dwarf the returns from any other kind of investment. In the South East of England, for example, agricultural land has a value of approximately £10,000/hectare and land with permission for residential development has a value of over £1,000,000/hectare. This makes urban fringe land a wonderful investment.