Land values see biggest decline on record as economic downturn bites

Greenfield development land values picked up by 3.9% in Q3, says Savills, while urban sites increased by 2.2%.

'Some of the major housebuilders are cautiously returning to the land market,' says Savills - although 'many are still largely out of the market.'

Rental prices continue to escalate across the country, reports Hamptons.