Urban development land values climb as developers focus on regional cities

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.

"Housebuilders are increasingly competing for well-priced sites in optimal locations," says Knight Frank, but many vendors continue to wait for more political certainty

Residential development land values are falling in London but rising in regional markets, says Savills