Tuesday, September 06, 2005

Land price forecast

Savills' latest Residential development land bulletin, which covers the developer market, is forecasting that prices for greenfield sites through 2005 are likely to rise by 5 per cent while prices for brownfield (previously developed) land is likely to fall by 3 per cent over the same period. But on smaller sites - suitable for between one and five houses a bigger increase is forecast. Mark Young

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