Land hotspots that rival the South
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.