Savills points to ‘a new dynamic in the residential land market’ as alternative uses drive competition
“Although the current land market remains buoyant, capacity for further growth is limited," warns Patrick Eve, Savills head of regional development.
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Agents report ‘noticeably less competition’ for development land
Major housebuilders have cut back on land buying in an effort to ride out the weaker sales market, says Savills, with some pausing activity altogether.
Greenfield land values rise at the fastest rate in a decade
Greenfield development land values picked up by 3.9% in Q3, says Savills, while urban sites increased by 2.2%.
Resi developers turn to deferred land deals as viability squeezed
Shift in project financing 'reflects the pressure facing the sector,' says Knight Frank.
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'Buyers will move decisively for exceptional homes in the best locations,' says agency after sealing £10.1mn deal.
£48mn price tag for Bryan O’Sullivan-designed penthouse at Chelsea Barracks
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Native Land teams up with Singaporean investor for PCL acquisition drive
Kensington block changes hands as new venture targets the capital’s prime rental market.
Sale agreed on final Knightsbridge Gate apartment
The last of the PCL scheme’s 15 residences has found a buyer, rounding off a sales campaign that saw guide prices hit £25mn.
PCL agency bolsters team after high-end deal run
Former Aston Chase ops manager joins alongside two agents as the Mayfair-based firm sets its sights on further expansion.
Elicyon names new Creative Director
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