Housebuilders turn ‘an eye to risk management’ as land values tick up
Housebuilders reported strong sales rates in the second half of 2020 - but volumes are likely to return to "more normal levels", says Savills. "Many of the housebuilders are anticipating 10-15% fewer completions for the coming year compared to 2019."
Development land values recover as activity picks up
PCL development land value are still down at 2013 levels, despite rising in Q3.
Tight supply bolsters resi development land values
"Housebuilders are increasingly competing for well-priced sites in optimal locations," says Knight Frank, but many vendors continue to wait for more political certainty
New-build home deliveries sink by 15-20%, but development land buying activity remains strong
Savills saw more new-build homes reservations in Q3 this year than in any previous quarter on record, while development land buyers focus on smaller sites.
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‘Sentiment has shifted’ as property developers feel more upbeat
Housebuilder confidence is building, but development land 'is not changing hands at a rapid pace yet.'