Resi construction credit crunch “far from over” as lending shrinks 10% in five months

After four years of very little action to speak of, it's all kicking off in London's Docklands after a flurry of "game-changing" resi land deals.

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.

Hot on the heels of Knight Frank's upbeat stats last week, CBRE is also pretty sanguine on the resi land value front, crediting improving consumer sentiment and government initiatives with an increasingly…