Land hotspots that ri­val the South

Yorkshire Post - Property - - PROPERTY -

NEW re­search by Sav­ills re­veals some de­vel­op­ment land hotspots in York­shire have more in com­mon with the South than their own re­gional av­er­age.

Av­er­age land value growth across the re­gion is be­ing driven al­most ex­clu­sively by ac­tiv­ity in high-value ar­eas such as the North­ern sub­urbs of Leeds, York and Thirsk. De­mand in these ar­eas is still fo­cused on read­ily de­vel­opable land with plan­ning per­mis­sion.

An­nual land value growth across the UK stood at 5.4 per cent for green­field land and 1.8 per cent for ur­ban land by the end of June 2011, leav­ing val­ues at -45 per cent and -52 per cent be­low peak re­spec­tively.

Lead­ing lag­ger is Brad­ford who val­ues fell by -69 per cent.

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