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Market in Minutes: UK Residential Development Land – July 2017

Research Article

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Housing associations, along with small and medium-sized housebuilders, are providing greater diversity to the traditional range of land buyers. With new finance and incentives, they are building more too

■ There is a more diverse range of land buyers in the market. Housing associations, along with small and medium-sized housebuilders, are purchasing more land – 89% more plots were sold to small housebuilders and 22% more plots were sold to medium-sized housebuilders in the last year.

■ As well as buying more land, small and medium-sized housebuilders are building more homes, supported by government funds and accessible finance for those with a good track record. Medium-sized housebuilders Fairview and Gleeson built 76% and 20% more homes in the last year.

■ Urban land values continue to increase across the country, whereas greenfield land values have remained relatively stable during the last quarter. Land values grew 1.0% for urban sites and 0.2% for greenfield land in Q2 2017.

■ Land in Bristol is attracting interest from Build to Rent, international and London-based developers thanks to its strong and growing economy. This follows the focus on the larger regional cities of Birmingham and Manchester.

■ Medium-sized housebuilders are growing in their ambition and buying larger sites, particularly of 100-250 plots. This size of site still remains the most popular for the major housebuilders.

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