The price of land for development in central London has decreased by over 1.6 percent between 2019 and 2022. Meanwhile, the value of construction land in the United Kingdom (UK) increased slightly during that period. Undeveloped land, also known as greenfield land in the UK, reached an index value of 96.9 in March 2022. Therefore, it currently has a slightly lower price than at its peak in 2007/08. In 2020, West London had the highest industrial land value in the UK.
Development land value index in the United Kingdom (UK) from 2007 to 2022, by type
* The source does not explain the term "greenfield", potentially indicating this is an industry term from within the United Kingdom. Greenfield land refers to undeveloped land in an urban or rural area either used for agriculture or landscape design, or left to evolve naturally. A picture on the website suggests greenfield in this context refers to rural areas.
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Savills. (April 27, 2022). Development land value index in the United Kingdom (UK) from 2007 to 2022, by type [Graph]. In Statista. Retrieved December 22, 2024, from https://www.statista.com/statistics/1325998/greenfield-and-urban-land-values-in-uk/
Savills. "Development land value index in the United Kingdom (UK) from 2007 to 2022, by type." Chart. April 27, 2022. Statista. Accessed December 22, 2024. https://www.statista.com/statistics/1325998/greenfield-and-urban-land-values-in-uk/
Savills. (2022). Development land value index in the United Kingdom (UK) from 2007 to 2022, by type. Statista. Statista Inc.. Accessed: December 22, 2024. https://www.statista.com/statistics/1325998/greenfield-and-urban-land-values-in-uk/
Savills. "Development Land Value Index in The United Kingdom (Uk) from 2007 to 2022, by Type." Statista, Statista Inc., 27 Apr 2022, https://www.statista.com/statistics/1325998/greenfield-and-urban-land-values-in-uk/
Savills, Development land value index in the United Kingdom (UK) from 2007 to 2022, by type Statista, https://www.statista.com/statistics/1325998/greenfield-and-urban-land-values-in-uk/ (last visited December 22, 2024)
Development land value index in the United Kingdom (UK) from 2007 to 2022, by type [Graph], Savills, April 27, 2022. [Online]. Available: https://www.statista.com/statistics/1325998/greenfield-and-urban-land-values-in-uk/
