UK land value down by over 30% in the past year.
A recently released report has stated that the value of residential development land in the UK has dropped by over 30% in the past twelve months, and by up to 15% in the past three months alone.
Knight Franks first annual development land index goes on to state that the value of UK land could in fact continue to fall, with as much as 10% further being potentially knocked off over the course of the next twelve months. There are early signs however, that so called ‘vulture investors’ are beginning to enter the market, seeking to purchase development sites which have previously been in short supply.
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