ABSTRACT

Most forms of investment ultimately come back to the question of income. The investor who buys a plot of vacant land for £100,000 and sells it for £200,000 may not be thinking in terms of income. He has obtained his return in the form of a capital profit on the sale of the land. But somebody at some point will need to put that land to work to earn an income: whether he farms it to earn an annual profit or builds office blocks on it which can be let to produce a rent.