Oven-ready sites are best
THE Knight Frank Residential Development Land Index for the first quarter of the year notes a rise in public sector property coming into the market.
It also reports developers focusing almost solely on sites for family houses, in central locations, with planning already in place.
The value of residential development land in urban England edged down for the second quarter in a row between January and March, while values in greenfield areas grew by the smallest margin in two years. Prime London land values bucked the trend, with values rising by 2 per cent, the first increase since summer 2010, while demand for well-located, “ovenready” housing sites remains strong.