Residential development land prices rise 7.3% as demand builds up

Development land values have not moved much over the last 12 months, according to Knight Frank’s residential development land index.

Resi development land values across the UK (excluding London) recorded another three months of "convincing" growth between July and September, according to Knight Frank's latest findings.

Builders are once again taking on more challenging urban sites and strategic land, says Savills in its latest UK Resi Development Land update.