Tight supply bolsters resi development land values
"Housebuilders are increasingly competing for well-priced sites in optimal locations," says Knight Frank, but many vendors continue to wait for more political certainty
Resi development land values tick up
Development land values are rising again after two years of no growth; "higher costs associated with building energy efficient and sustainable homes are putting pressure on land values," says Savills.
Demand for development land ‘remains robust’
"Many new [residential development] sites are being soft marketed to test the appetite in the market," reports Savills, "and some have been launched now avoid competition with other sites later in the…
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.
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Ranked: Britain’s most expensive streets in 2024
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