De­mand for build­ing plots

Yorkshire Post - Property - - PROPERTY -

THE de­mand for plots is in­creas­ing as de­vel­op­ers work through their land banks more quickly than at any time since the end of the boom in 2007-08, say Sav­ills.

Land with plan­ning per­mis­sion held by the top eight house­builders fell by around 100,000 plots be­tween 2007 and 2012, as buy­ing slowed and ex­ist­ing stocks were built out. In 2009, the vol­ume of per­mis­sioned land held by the top eight peaked at held 7.5 years worth, In 2012, per­mis­sioned land­banks de­clined to 5.3 years sup­ply.

Part of the chal­lenge, say Sav­ills, lies in bring­ing for­ward sites owned by landown­ers and the pub­lic sec­tor. Grow­ing de­mand and in­vest­ment will help un­lock this.

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