Residential development land [electronic resource] August 2007
Residential development land August 2007 [electronic resource]
- London Savills Research 2007
Reports that greenfield land values increased by 4.7% in the first half of 2007. Savills' forecast of 8% growth by the end of the year appears to be on target. House builder confidence fell due to uncertainty in the market and expected further interest rate rises. This may affect land values. Urban values saw only 0.1% growth in the same period. These sites are more vulnerable to developer uncertainty as they already represent higher development costs. Savills' forecast of 1% growth by the end of 2007 may not be reached. Graphs.
United Kingdom--
333.7 $2 18
Reports that greenfield land values increased by 4.7% in the first half of 2007. Savills' forecast of 8% growth by the end of the year appears to be on target. House builder confidence fell due to uncertainty in the market and expected further interest rate rises. This may affect land values. Urban values saw only 0.1% growth in the same period. These sites are more vulnerable to developer uncertainty as they already represent higher development costs. Savills' forecast of 1% growth by the end of 2007 may not be reached. Graphs.
United Kingdom--
333.7 $2 18