Plot prices fall but bot­tom is in sight

Yorkshire Post - Property - - PROPERTY -

Build­ing plot data­base Plotfinder.net shows that prices con­tin­ued to fall in the first three months of 2010.

The sur­vey, which tracks the price of thou­sands of avail­able in­di­vid­ual build­ing plots, shows that the av­er­age plot price in Bri­tain now stands at £210,909 – down from £211,125 in Jan­uary 2010 and £219,496 in Oc­to­ber 2009. This marks a six-month de­cline in av­er­age prices of 3.91 per cent.

“This pro­vides the first ev­i­dence that the fall in build­ing plot prices is be­gin­ning to bot­tom out,” says Vicky Baylis, head of plotfinder.net.

“There is also a sense that peo­ple are be­gin­ning to think about self-build­ing again.”

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