In March 2024, the price of land for development in the United Kingdom was much lower than a year earlier. Both greenfield and urban land reached their highest annual growth rate in March 2022. The price of greenfield land has been slightly more volatile throughout the period considered. In 2023, London had the highest industrial land value in the UK.
Year-to-year growth of development land value in the United Kingdom (UK) from September 2021 to March 2024, 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.
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Savills. (April 24, 2024). Year-to-year growth of development land value in the United Kingdom (UK) from September 2021 to March 2024, by type [Graph]. In Statista. Retrieved December 03, 2024, from https://www.statista.com/statistics/1382400/annual-growth-land-value-in-the-uk-by-type/
Savills. "Year-to-year growth of development land value in the United Kingdom (UK) from September 2021 to March 2024, by type." Chart. April 24, 2024. Statista. Accessed December 03, 2024. https://www.statista.com/statistics/1382400/annual-growth-land-value-in-the-uk-by-type/
Savills. (2024). Year-to-year growth of development land value in the United Kingdom (UK) from September 2021 to March 2024, by type. Statista. Statista Inc.. Accessed: December 03, 2024. https://www.statista.com/statistics/1382400/annual-growth-land-value-in-the-uk-by-type/
Savills. "Year-to-year Growth of Development Land Value in The United Kingdom (Uk) from September 2021 to March 2024, by Type." Statista, Statista Inc., 24 Apr 2024, https://www.statista.com/statistics/1382400/annual-growth-land-value-in-the-uk-by-type/
Savills, Year-to-year growth of development land value in the United Kingdom (UK) from September 2021 to March 2024, by type Statista, https://www.statista.com/statistics/1382400/annual-growth-land-value-in-the-uk-by-type/ (last visited December 03, 2024)
Year-to-year growth of development land value in the United Kingdom (UK) from September 2021 to March 2024, by type [Graph], Savills, April 24, 2024. [Online]. Available: https://www.statista.com/statistics/1382400/annual-growth-land-value-in-the-uk-by-type/
