PCL resi development land values still rising as developers focus on capital

Residential development land prices in prime central London rose by 6.7% in Q2, reports Knight Frank, while the average increase across England & Wales languished at +1% for the quarter.

The value of development land in prime central London has tumbled by 9.4% on the year, sliding back to levels last seen in the Summer of 2014. Q2's quite dramatic -6.

Resi land values in prime central London shot up by 4% in Q2, whilst prices across the UK rose by an average of 1.2%, according to Knight Frank today. This means that average UK values have risen by 1.