Demand for strategically placed development land sites has dramatically increased in recent years, as a result of ongoing political uncertainty, moderating house price growth and the Government's drive to build 300,000 new homes each year.
PrinvestUK have a high turn-over of off-market opportunities for land for development in key cities across the UK, including sites for residential property, purpose built student accommodation, care homes and office-to-residential conversions.
Land is a finite resource, with the amount of supply dictated by Government policies. Securing planning approval on sites, especially green belt land, can be a lengthy process that limits its availability.
But competition is starting to be renewed amongst housebuilders, which is applying positive pressure on land values, Knight Frank's Q2 2019 Residential Development Land Index suggests.