Development land value growth stalls

Development land values are rising again after two years of no growth; "higher costs associated with building energy efficient and sustainable homes are putting pressure on land values," says Savills.

"Housebuilders are increasingly competing for well-priced sites in optimal locations," says Knight Frank, but many vendors continue to wait for more political certainty

"Many new [residential development] sites are being soft marketed to test the appetite in the market," reports Savills, "and some have been launched now avoid competition with other sites later in the…