Developer appetites for land only plots down year on year

Developer appetites for land only plots down year on year


Todays other news
A mortgage chief is warning that thousands of buy to...
A ‘freshen-upper’is the most desirable property type when looking for...
Knight Frank has published its latest assessment of 44 cities...
A developer is to highlight the potential of the UK...
The UK Build to Rent sector saw robust growth in...


New research by property software firm APRAO shows that developer demand for land-only plots has declined by 11% on an annual basis, with just a handful of locations bucking the national trend.

APRAO analysed land-only development opportunities across England, looking at developer appetites based on the proportion of listings sold, and how this demand changes year on year.

Across England just 43% of all land-only plots have currently been sold, marking an 11% annual decline.

Bristol ranks top with 64% of all land-only plots having found a buyer. Suffolk (60%), Bedfordshire (58%), East Sussex (56%) and Leicestershire (56%) are also home to above-average demand, as are Cheshire (54%), Northamptonshire (54%), Dorset (54%), North Yorkshire (53%) and Essex (53%).

However, with the exception of Bristol, all of the top 10 have seen a decline in demand on an annual basis, as have a further 31 counties.

Bristol has seen the sharpest increase on an annual basis, with demand 20% higher versus this time last year. Across South Yorkshire, demand is up by 5%, while Tyne and Wear (+3%), London (+3%), Rutland (+3%), Berkshire (+2%) and Lancashire (+2%) have also seen an increase.

APRAO chief executive Daniel Norman says: “Although there are always a range of factors to consider with any development, a land only plot is often hot property as it provides a relatively blank canvas for developers to work with, whilst also lowering the costs involved in preparing the land for development.

“In a market that is notoriously under-supplied, land only plots are often in high demand, however, this demand has declined on an annual basis which demonstrates the difficult landscape the nation’s house builders are currently facing.

“With interest rates yet to come down, financial pressure has no doubt contributed to this reduction in appetites and the long-term impact is likely to be a slump in housing delivery.”

Share this article ...

Join the conversation: Login and have your say

Recommended for you
Related Articles
A top insurer is warning that there are major risks...
JLL has brought 0.25 acres at Dixon Street in the...
Rising mortgage rates are affecting residential property lending more than...
London’s housing market is boosted as developers take advantage of...
The financial success of your buy-to-let depends on the investment...
The new Labour government has finished the job started by...
Manchester is the highest-ranking English city for residential investment, according...
Recommended for you
Latest Features
A mortgage chief is warning that thousands of buy to...
A ‘freshen-upper’is the most desirable property type when looking for...
Knight Frank has published its latest assessment of 44 cities...
Sponsored Content
In the ever-evolving landscape of property investment, staying ahead of...
Property investors, This one's for you. Lendlord's latest Deal Analyser...
The savvy property investor knows the importance of adapting their...

Send to a friend

In order to send this article to a friend you must first login. Click on the button below to login or sign up.

No one likes pop-ups ...
But while you're here