Although the value of development land in the United Kingdom (UK) is forecasted to continue growing between 2022 and 2026, the growth rate is expected to slow down. According to the forecast, land values are expected to increase by 3.5 percent in 2022 and by three percent in 2023. In recent years, house prices have increased considerably across the UK due to the especially high demand, limited availability and rising construction costs. With the housing market cooling down, it can be expected that land values will also be affected. It is expected that by 2026, the annual development land value growth rate will decrease to 1.5 percent.
Forecasted percentage change of development land value in the United Kingdom (UK) from 2022 to 2026
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Year-over-Year percentual change
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Savills. (April 11, 2022). Forecasted percentage change of development land value in the United Kingdom (UK) from 2022 to 2026 [Graph]. In Statista. Retrieved September 01, 2024, from https://www.statista.com/statistics/1302115/development-land-value-change-uk/
Savills. "Forecasted percentage change of development land value in the United Kingdom (UK) from 2022 to 2026." Chart. April 11, 2022. Statista. Accessed September 01, 2024. https://www.statista.com/statistics/1302115/development-land-value-change-uk/
Savills. (2022). Forecasted percentage change of development land value in the United Kingdom (UK) from 2022 to 2026. Statista. Statista Inc.. Accessed: September 01, 2024. https://www.statista.com/statistics/1302115/development-land-value-change-uk/
Savills. "Forecasted Percentage Change of Development Land Value in The United Kingdom (Uk) from 2022 to 2026." Statista, Statista Inc., 11 Apr 2022, https://www.statista.com/statistics/1302115/development-land-value-change-uk/
Savills, Forecasted percentage change of development land value in the United Kingdom (UK) from 2022 to 2026 Statista, https://www.statista.com/statistics/1302115/development-land-value-change-uk/ (last visited September 01, 2024)
Forecasted percentage change of development land value in the United Kingdom (UK) from 2022 to 2026 [Graph], Savills, April 11, 2022. [Online]. Available: https://www.statista.com/statistics/1302115/development-land-value-change-uk/