De­vel­op­ers push up land val­ues

Yorkshire Post - Property - - PROPERTY -

Com­pe­ti­tion for devel­op­ment land is start­ing to boost val­ues, but a gulf is emerg­ing be­tween small and larger sites and those in the North and South, say Sav­ills.

The av­er­age value of res­i­den­tial devel­op­ment land showed growth over the past three months. Green­field land val­ues rose by an av­er­age of 3.2 per cent and ur­ban land val­ues by 3.8 per cent, tak­ing an­nual growth rates to 16.6 per cent and 14.1 per cent re­spec­tively.

Brown­field sites in the North con­tinue to slide, down –2.2 per cent in the quar­ter.

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