Does your land have development potential?

The development land market appears set for a comeback, after a period of suppression over recent years. Now could therefore be an opportune time to consider if your land has development potential, or review existing agreements.

Miles Webber MRICS FAAV (Professional Partner - Stags Professional Services) view being, ‘Over recent years the development land market has been more suppressed due to inflation, build cost pressures, interest rates and concern over house prices. However, these pressures appear to be subsiding and the housing market is proving to be resilient.’ Furthermore, recent political uncertainty appears resolved following a decisive general election and the new government has set an agenda to, in the words of the Deputy Prime Minister, ‘Get Britain Building Again’. With a target of delivering 1.5 million more homes. This all appears to indicate upwards pressure on the development land market.

Now could therefore be an opportune time to review your land’s development potential, perhaps with a view to putting in place agreements whilst developers seek to re-fill pipelines or appraisal passing agreements which may have stalled over recent years. At Stags we have a team of surveyors and planners who offer a range of services, including: scoping reports to consider and advise on your land’s development potential; consultation over how best to meet your objectives; in-hand land promotion; tendering opportunities; managing and implementing development land agreements.
 

Stags Professional Services offers dedicated development property services, if the above is of interest to you,
please contact the team, or Miles Webber on 01803 862002 
 

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