Regional development land: a return to sustainable growth
In our latest regional land report, we examine how the key markets are performing nationally, and take an in depth look at the impact of commuters on house prices.
We’ve found that property prices are a third cheaper in locations 30-35 minutes commute from Central London. The findings also reveal that an increase of one minute travel time reduces a house price value by around £11,400.
Throughout Quarter 3, 2014, the regions across the UK have witnessed continued house price growth, which has in turn driven demand for land sites for development. We forecast continued steady growth into 2015.