hope value

Among all the constrained financial turmoil of that time, they planted a huge garden for hope value.

The prices being asked for vacant buildings in Manchester were quite high, being based on 'hope value' rather than use value.

"People who had been holding onto land, hoping values would rise as sites for office towers, now are turning to housing instead," Ms. Herzfeld said.

There are "quite a few natural resources companies that are trading with a lot of hope value attached," Mr. Talbut said.

The shares, which were up 1 to 27p in London yesterday, are still speculative at this stage and it is likely to be 1993 before they are supported by anything other than hope value.

By reading between the lines and closely studying local plans, it is sometimes possible to identify the probable expansion or pressure points on defined village or town boundaries, thus identifying land with hope value.

In the second case the land speculator with capital may acquire land With hope value land which may control or prevent development of adjoining land such as sight lines or access points, and key parcels of land which may ultimately form part of a larger site.