Market in Minutes:

UK Residential Development Land

UK Residential Development Land
UK Residential Development Land

4 May 2017, by Lucy Greenwood

Rising demand for land in regional cities

■ Regional cities are seeing increasing land values as demand for sites grows. Land within Birmingham, Manchester and Glasgow is in high demand with urban land values growing by 15% or more over the last year. Build to Rent, regeneration and infrastructure improvements are at the heart of the growth.

■ Competition for land is increasing in the Midlands as South East based housebuilders expand into these strengthening markets.

 

■ Within London, demand for land is strongest where new build values are less than £1,000 per square foot. New housing supply above £700 per square foot is forecast to meet demand over the next five years but those with values lower than £500 per square foot will continue to be the most undersupplied.

■ Land in central London is in lower demand as fewer prime residential sites are starting and occupier demand for office space remains uncertain.

Articles from Market in Minutes: UK Residential Development Land

UK residential development land

Regional cities are seeing increasing land values as demand for sites grows, while land in central London is in lower demand

 
 

Receive the latest research

Key contacts

Jim Ward

Jim Ward

Director
Residential Research and Consultancy

Savills Margaret Street

+44 (0) 20 7409 8841

 

Lucy Greenwood

Lucy Greenwood

Associate
Residential Research and Consultancy

Savills Margaret Street

+44 (0) 20 7016 3882

 

Emily Williams

Emily Williams

Associate
Residential Research

Savills Margaret Street

+44 (0) 20 7016 3896