Development land value change forecast in the UK 2022-2026

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.