Scarcity lifts land prices
Scarcity lifts land prices
- 2002
- Estates Gazette (0246) 16 November 2002, 32(1) .
Shortages of house building land has driven prices up by 20% in the past 12 months according to the Valuation Office Agency's autumn "Property market report". The average price for building land in England and Wales has jumped to £1.58m per ha with the average rise of 20.6% between October 2001 and October 2002 masking wide regional differences - in the northeast of England prices have risen by an unprecedented 65%. The agency forecasts land prices to rise by 7-8% annually for the next three years. Subcription details for the "Property market report" can be found at http://www.voa.gov.uk/publications/property%20market%20report/pmr/pmr.htm
LAND PRICES
BUILDING LAND PRICES
PROPERTY MARKET REPORTS
RESIDENTIAL BUILDING LAND
Shortages of house building land has driven prices up by 20% in the past 12 months according to the Valuation Office Agency's autumn "Property market report". The average price for building land in England and Wales has jumped to £1.58m per ha with the average rise of 20.6% between October 2001 and October 2002 masking wide regional differences - in the northeast of England prices have risen by an unprecedented 65%. The agency forecasts land prices to rise by 7-8% annually for the next three years. Subcription details for the "Property market report" can be found at http://www.voa.gov.uk/publications/property%20market%20report/pmr/pmr.htm
LAND PRICES
BUILDING LAND PRICES
PROPERTY MARKET REPORTS
RESIDENTIAL BUILDING LAND