Oven-ready sites are best

Yorkshire Post - Property - - PROPERTY -

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.

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