Slow growth predicted for development land values as building costs climb
"Developers will need to absorb new costs, and tighten margins in order to secure sites in what we expect to continue to be a competitive market," says Savills' head of regional development.
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New-build home deliveries sink by 15-20%, but development land buying activity remains strong
Savills saw more new-build homes reservations in Q3 this year than in any previous quarter on record, while development land buyers focus on smaller sites.
Development land values recover as activity picks up
PCL development land value are still down at 2013 levels, despite rising in Q3.
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The number of planning applications to build skyscrapers in London has dropped by more than 13% in the last year, according to the ninth annual London Tall Buildings Survey by New London Architecture and…
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