Market in Minutes:

UK Residential Development Land

UK Residential Development Land
UK Residential Development Land

20 May 2016, by Lucy Greenwood

Land value growth spreading to lower value markets

■ Central London residential development land values fell slightly, by 1.5%, in the six months to March 2016 leaving values 30% above their 2007/08 peak, whilst land buying activity is increasing in the outer boroughs.

■ Land value for office development in central London has been catching up with that of residential but growth slowed to a 0.6% increase in the half year to March 2016 due in part to the recent Stamp Duty changes for commercial land and property.

 

■ Urban and greenfield development land values increased at similar rates in the first three months of 2016. Urban development land values grew by 1.0% in Q1 2016 and greenfield values rose by 1.0%, delivering annual growth of 7.5% and 2.6% respectively.

■ We forecast average greenfield land values in the UK to increase slightly faster than house prices over the next five years if recent trends prevail.

Articles from Market in Minutes: UK Residential Development Land

Development Land in London

Central London residential development land values fell slightly in the six months to March 2016

Development Land In The UK

Urban and greenfield development land values increased at similar rates in the first three months of 2016

Outlook For Development Land

Average greenfield land values in the UK to increase slightly faster than house prices over the next five years if recent trends prevail

 
 

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Key contacts

Jim Ward

Jim Ward

Director
Residential Research and Consultancy

Savills Margaret Street

+44 (0) 20 7409 8841

 

Susan Emmett

Susan Emmett

Director
Residential Research

Savills Margaret Street

+44 (0) 203 107 5460

 

Lucy Greenwood

Lucy Greenwood

Associate
Residential Research and Consultancy

Savills Margaret Street

+44 (0) 20 7016 3882