Residential development land values halve in 12 months, according to Knight Frank index [electronic publication]
Residential development land values halve in 12 months, according to Knight Frank index [electronic publication]
- 2009
- Knight Frank Press Release 3 April 2009 .
The value of development land fell by 50% during 2008, with the largest falls in the 4th quarter of 2008 seen in London prime and super-prime, according to the Knight Frank Residential Development Land Index. The value of urban land in Yorkshire and Humberside saw the sharpest falls over the year, dropping by 64%.
KNIGHT FRANK RESIDENTIAL DEVELOPMENT LAND INDEX
United Kingdom--
The value of development land fell by 50% during 2008, with the largest falls in the 4th quarter of 2008 seen in London prime and super-prime, according to the Knight Frank Residential Development Land Index. The value of urban land in Yorkshire and Humberside saw the sharpest falls over the year, dropping by 64%.
KNIGHT FRANK RESIDENTIAL DEVELOPMENT LAND INDEX
United Kingdom--