Party time is over for residential land
Barnes, Yolande
Party time is over for residential land - 2008 - Property Forecast 11(2) February 2008, 4-5(2) .
Reports on falls in the value of residential development land. Although agricultural prices are still rising, even greenfield residential sites saw small falls during the fourth quarter of 2007. Notes that this trend is expected to continue into 2008. Reports that Savills is predicting a 5% fall in greenfield values. Finds housebuilder sentiment at its lowest ebb since the mid 1990s. Predicts that as a result, developers will return to more terraced and semi detached properties. Urban land may be affected still more, with Savills predicting a fall of 12% and a return to 2001 levels.
United Kingdom--
Party time is over for residential land - 2008 - Property Forecast 11(2) February 2008, 4-5(2) .
Reports on falls in the value of residential development land. Although agricultural prices are still rising, even greenfield residential sites saw small falls during the fourth quarter of 2007. Notes that this trend is expected to continue into 2008. Reports that Savills is predicting a 5% fall in greenfield values. Finds housebuilder sentiment at its lowest ebb since the mid 1990s. Predicts that as a result, developers will return to more terraced and semi detached properties. Urban land may be affected still more, with Savills predicting a fall of 12% and a return to 2001 levels.
United Kingdom--