They are awaiting the extension of the local plan. They buy on the edge of towns and cities knowing eventually the planning limits will expand. Planning and land allocation is rigged, according the Kevin Cahill in Who Owns Britain.
In most of Europe home are selfbuilt. That is they get the land, design the house and have it built by a builder (or yourself if you are up to it). That is why you do not see the vast developer estates, filled with pokey little houses feet apart, like in the UK.
Approximately 80% of all homes built in the UK are built by about only 20 companies. In no other country in the western world does such a monopoly exist. The sort of situation seen in banana republics. The House Builders Federation influences the building regulations so heavily in order to maintain the status quo that the UK is backwards in house building technology compared to large parts of Western Europe, Scandinavia and North America.
See:
How land affects us all
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