Over recent years we have experienced a significant increase in residential and commercial development land activity as Government policy continues to put pressure on Local Authorities to enable development, and housing development particularly.
Brown & Co continues to be engaged in the full spectrum of option and promotion agreements, owners’ collaboration agreements, planning and design work and has been involved with a number of significant development land sales across the regions. Once again regional variations explain the significant difference in values, with greater demand in the south and central counties, but with a few new entrants to the east adding to market enthusiasm.
Looking ahead to 2020, the landscape ought to feel more settled after the Election. Property investment is generally quite positive in times of low interest rates, although the European departure is likely to continue to have an impact upon investment appetite and potentially on housebuilder demand.
There are some interesting rural land sales in the pipeline and even if we ought to be cautious, 2020 looks exciting for development projects and sales.
In the east we are heavily involved in significant new road schemes and cable routes from offshore wind farms amongst other exciting areas of innovation related to natural capital and carbon sequestration, as the potential for new markets starts to develop after many years.