Demand for residential land remains high says Katherine Gray, Senior Land Negotiator at Mackenzie Smith.
Katherine has been involved in several land deals over the last six months ranging from the sale of a single plot right through to a high density scheme forming part of a large urban redevelopment site.
‘Developers are confident about their ability to sell in the current market’ says Katherine. ‘They have taken steps to review their build practises looking carefully at design and specification and also recognise that whilst interest rates remain low the supply of second hand property is likely to remain restricted. This gives them the confidence that the prices that they base their land purchase on will remain stable and in some cases improve.’
‘I sold a site in Yateley last year to WestBuild Homes and they have built an exceptional scheme in Coach House Gardens of just seven individual homes of which six are already under offer just six weeks from launch’.
If you own land and require specialist, confidential advice about value or methods of sale please contact Katherine either at (01252) 419956 or firstname.lastname@example.org