Residential building land figures

Contents

Residential building land by government office region

Typical values of land for residential development for:

- North East

- North West

- Merseyside

- Yorkshire and the Humber

- East Midlands

- West Midlands

- East of England

- Inner London

- Outer London

- South East

- South West

- Wales

- Scotland

Residential building land index

 

Residential Building Land by Government Office Region

The tables and graphs below show the average value by region of three categories of site as at 1 January 2009. These values should be regarded as illustrative rather than definitive. The Inner London average values exclude the central area i.e Westminster, Kensington and Chelsea and bulk land in Camden.

The methodology behind the construction of this table is included at the end of the report.

Government Office Regions are defined in Appendix 1

Value of land for residential development as at 1 January 2009

REGION Small Sites Bulk Land Sites for flats or maisonettes
£s per ha £s per ha £s per ha
North East 1,820,000 1,650,000 2,000,000
North West 2,180,000 2,060,000 2,240,000
Merseyside 1,020,000 1,030,000 1,300,000
Yorkshire and the Humber 1,910,000 1,670,000 1,990,000
East Midlands 1,410,000 1,310,000 1,310,000
West Midlands 2,030,000 1,890,000 1,930,000
Eastern 2,810,000 2,900,000 3,060,000
South East 2,640,000 2,540,000 2,770,000
South West 2,360,000 1,980,000 2,450,000
Wales 1,580,000 1,510,000 1,600,000
England & Wales (excluding London) 2,150,000 2,000,000 2,220,000
Inner London 8,590,000 7,080,000 9,210,000
Outer London 5,350,000 4,920,000 5,940,000
Scotland 1,250,000 1,290,000 2,150,000
Northern Ireland 1,900,000 1,445,000 1,900,000

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Comparative values by region - small sites

Value as at 1 January 2009 in £s per hectare
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Comparative values by region - bulk land

Value as at 1 January 2009 in £s per hectare
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Comparative values by region - sites for flats or maisonettes

Value as at 1 January 2009 in £s per hectare
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Typical values of land for residential development as at 1 January 2009

The values should be regarded as illustrative rather then definitive and represent typical levels of value for sites with no abnormal site constraints and a residential planning permission of a type generally found within the area.

NORTH EAST
REGION
Small Sites
(sites for less than five houses)
Bulk Land
(sites in excess of two hectares)
Sites for flats or
maisonettes
£s per hectare
£s per hectare
£s per hectare
Newcastle (Heaton) 2,320,000 2,000,000 2,640,000
Alnwick 1,840,000 1,600,000 1,840,000
Sunderland 1,520,000 1,400,000 1,600,000
Middlesbrough 1,200,000 1,200,000 1,200,000
Durham 2,240,000 2,050,000 2,700,000

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NORTH WEST
REGION
Small Sites
(sites for less than five houses)
Bulk Land
(sites in excess of two hectares)
Sites for flats or
maisonettes
£s per hectare
£s per hectare
£s per hectare
Bolton 1,800,000 1,675,000 1,675,000
Manchester 3,950,000 3,950,000 3,950,000
Rochdale 1,650,000 1,500,000 1,500,000
Trafford (Altrincham) 2,750,000 2,500,000 2,500,000
Stockport 3,950,000 3,700,000 3,700,000
Blackburn 1,600,000 1,350,000 1,350,000
Lancaster 1,850,000 1,650,000 **
Preston 1,800,000 1,700,000 1,700,000
Chester 2,500,000 2,200,000 3,300,000
Crewe/Nantwich 1,575,000 1,700,000 1,700,000
Warrington (South Warrington) 1,700,000 1,650,000 1,700,000
Wigan 1,750,000 1,600,000 1,600,000
Carlisle 1,800,000 1,800,000 **
South Lakeland (Ambleside) 1,800,000 1,800,000 **

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** no evidence to indicate a separate market for this category of land.

MERSEYSIDE
REGION
Small Sites
(sites for less than five houses)
Bulk Land
(sites in excess of two hectares)
Sites for flats or
maisonettes
£s per hectare
£s per hectare
£s per hectare
Liverpool ( suburbs) 1,020,000 1,030,000 1,300,000
Knowsley ( Prescot/Huyton) 1,100,000 1,050,000 1,100,000
Sefton ( Bootle suburbs) 540,000 540,000 **

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** no evidence to indicate a separate market for this category of land.

YORKSHIRE AND THE HUMBER
REGION
Small Sites
(sites for less than five houses)
Bulk Land
(sites in excess of two hectares)
Sites for flats or
maisonettes
£s per hectare
£s per hectare
£s per hectare
Harrogate 2,700,000 2,400,000 2,700,000
York 2,600,000 2,200,000 2,600,000
Bradford 1,300,000 1,100,000 1,300,000
Halifax 1,100,000 960,000 1,100,000
Leeds 2,600,000 2,200,000 2,600,000
Doncaster 1,700,000 1,700,000 1,700,000
Grimsby 1,450,000 1,150,000 1,600,000
Beverley 2,000,000 1,800,000 2,350,000
Sheffield 1,750,000 1,500,000 2,000,000

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EAST MIDLAND
REGION
Small Sites
(sites for less than five houses)
Bulk Land
(sites in excess of two hectares)
Sites for flats or
maisonettes
£s per hectare
£s per hectare
£s per hectare
Lincoln 1,200,000 1,100,000 1,100,000
Mansfield 840,000 700,000 700,000
Nottingham (suburbs) 1,470,000 1,470,000 1,470,000
Derby 1,700,000 1,550,000 1,550,000
Leicester 1,600,000 1,500,000 1,500,000
Northampton 1,480,000 1,350,000 1,350,000
Loughborough 1,600,000 1,500,000 1,500,000

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WEST MIDLAND
REGION
Small Sites
(sites for less than five houses)
Bulk Land
(sites in excess of two hectares)
Sites for flats or
maisonettes
£s per hectare
£s per hectare
£s per hectare
Birmingham 1,800,000 1,700,000 1,600,000
Coventry 2,150,000 2,000,000 2,250,000
Sandwell 1,750,000 1,600,000 1,500,000
Wolverhampton 1,500,000 1,500,000 1,900,000
Lichfield 2,000,000 1,900,000 2,100,000
Shrewsbury 2,000,000 1,900,000 1,700,000
Stoke-on-Trent ( the market is composed of mainly brownfield sites) 1,750,000 1,650,000 1,500,000
Warwick 2,700,000 2,400,000 2,500,000
Worcester 2,500,000 2,000,000 2,250,000
Kidderminster 2,150,000 2,250,000 2,000,000

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EAST OF ENGLAND
REGION
Small Sites
(sites for less than five houses)
Bulk Land
(sites in excess of two hectares)
Sites for flats or
maisonettes
£s per hectare
£s per hectare
£s per hectare
Cambridge 3,350,000 4,020,000 4,500,000
South Cambridge 2,345,000 2,345,000 2,345,000
Peterborough 1,750,000 1,500,000 2,000,000
Ipswich 2,200,000 2,000,000 1,700,000
Norwich 2,750,000 2,900,000 2,500,000
Luton* 1,760,000 1,760,000 2,400,000
Stevenage 2,100,000 1,900,000 1,850,000
St Albans 4,500,000 4,400,000 5,600,000
Chelmsford 3,950,000 3,950,000 4,550,000
Colchester 2,900,000 2,500,000 2,400,000

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* all bulk greenfield sites are now fully developed in this locality, the bulk land value is an indicative value for previously developed sites.

Historically the regional average for East of England adopted an average value for Cambridge and South Cambridge and this has been maintained although values for both locations are shown in this table.

LONDON INNER
REGION
Small Sites
(sites for less than five houses)
Bulk Land
(sites in excess of two hectares)
Sites for flats or
maisonettes
£s per hectare
£s per hectare
£s per hectare
Tower Hamlets (E2-E3) 6,500,000 6,000,000 6,500,000
Camden 14,000,000 10,150,000 15,700,000
Hackney 6,900,000 6,050,000 6,825,000
Lewisham 6,950,000 6,300,000 6,600,000
Southwark (SE15) 9,600,000 9,975,000 10,400,000

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LONDON OUTER
REGION
Small Sites
(sites for less than five houses)
Bulk Land
(sites in excess of two hectares)
Sites for flats or
maisonettes
£s per hectare
£s per hectare
£s per hectare
Romford   4,925,000  4,310,000 5,485,000
Redbridge 4,550,000 3,950,000 4,950,000
Barnet 6,275,000 4,900,000 7,400,000
Ealing ( Hanwell ) 6,850,000 6,450,000 7,750,000
Ruislip 5,250,000 5,500,000 6,175,000
Greenwich - Bexley 4,900,000 4,550,000 5,200,000
Sutton 4,625,000 4,725,000 4,700,000
Morden(Wimbledon) 5,400,000 4,975,000 5,850,000

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SOUTH EAST
REGION
Small Sites
(sites for less than five houses)
Bulk Land
(sites in excess of two hectares)
Sites for flats or
maisonettes
£s per hectare
£s per hectare
£s per hectare
Brighton 3,500,000 3,500,000 5,000,000
Eastbourne 2,000,000 2,000,000 2,500,000
Folkestone 1,650,000 1,450,000 1,650,000
Medway Towns (Rochester) 2,100,000 2,000,000 2,000,000
Tunbridge Wells 2,500,000 2,500,000 2,500,000
Guildford 3,900,000 3,600,000 3,150,000
Reigate 3,700,000 3,400,000 3,000,000
Worthing 2,300,000 2,150,000 2,300,000
Aylesbury 2,750,000 2,650,000 3,800,000
Oxford 5,500,000 5,500,000 5,250,000
Wokingham 3,100,000 2,900,000 4,000,000
Basingstoke 2,000,000 1,950,000 1,950,000
Portsmouth 1,575,000 1,575,000 1,450,000
Southampton 2,100,000 2,025,000 2,100,000
Ryde, Isle of Wight 875,000 825,000 875,000

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SOUTH WEST
REGION
Small Sites
(sites for less than five houses)
Bulk Land
(sites in excess of two hectares)
Sites for flats or
maisonettes
£s per hectare
£s per hectare
£s per hectare
Bournemouth 2,700,000 2,500,000 3,200,000
Weymouth 2,000,000 1,900,000 2,400,000
Exeter 2,800,000 2,000,000 2,800,000
Barnstaple 1,700,000 1,350,000 1,600,000
Plymouth 1,800,000 1,700,000 1,500,000
Truro 2,500,000 2,100,000 2,900,000
Taunton 2,250,000 2,000,000 2,250,000
Bath 3,000,000 2,100,000 2,800,000
Bristol 2,600,000 1,900,000 2,300,000
Gloucester 2,600,000 2,250,000 2,800,000
Swindon 2,000,000 2,000,000 2,400,000

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WALES
REGION
Small Sites
(sites for less than five houses)
Bulk Land
(sites in excess of two hectares)
Sites for flats or
maisonettes
£s per hectare
£s per hectare
£s per hectare
Cardiff 2,700,000 2,750,000 2,600,000
Carmarthen 900,000 1,000,000 1,000,000
Merthyr Tydfil 1,250,000 1,000,000 1,050,000
Bridgend 1,550,000 1,550,000 1,850,000
Swansea 1,750,000 1,750,000 2,200,000
Llandudno 1,250,000 1,000,000 1,250,000
Newport 2,000,000 2,000,000 1,600,000
Wrexham 1,250,000 1,000,000 1,250,000

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SCOTLAND
REGION
Small Sites
(sites for less than five houses)
Bulk Land
(sites in excess of two hectares)
Sites for flats or
maisonettes
£s per hectare
£s per hectare
£s per hectare
Glasgow, Bearsden/Milngavie   1,700,000 1,900,000 3,240,000
Ayr 1,000,000 1,200,000 1,600,000
Dumfries 540,000 520,000 780,000
Dunfermline 1,250,000 1,100,000 1,500,000
Glasgow 900,000 1,500,000 3,500,000
Aberdeen 2,400,000 1,800,000 2,400,000
Inverness 900,000 750,000 1,000,000
Edinburgh 2,160,000 2,520,000 5,600,000
Motherwell 780,000 1,000,000 1,260,000
Dundee 900,000 600,000 660,000

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Residential building land index

Based on the regional averages for bulk land published in the twice yearly reports since Autumn 1983 and Autumn 1984 in Scotland. See the methodology section for the methodology and assumptions made when preparing the valuations.

A feature of the residential land market is the 'lumpiness' of changes in value. Although the index is based on six monthly figures it is difficult to establish exactly when significant movements in value occurred and an average over a longer period may provide a more realistic assessment of the market. This is particularly the case for the period since 2007 with the severe problems in the financial markets.

 
England and Wales excluding London
Inner and Outer London
South East
Date
£s per
hectare
Index
% change
£s per
hectare
Index
% change
£s per
hectare
Index
% change
Aut 83 174,000 100.0   759,000 100.0   275,000 100.0  
Spr 84 194,000 111.5 11.5 834,500 109.9 9.9 327,000 118.9 18.9
Aut 84 220,000 126.4 13.4 890,000 117.3 6.7 391,000 142.2 19.6
Spr 85 246,000 141.4 11.8 1,076,000 141.8 20.9 447,000 162.5 14.3
Aut 85 267,000 153.4 8.5 1,294,500 170.6 20.3 504,000 183.3 12.8
Spr 86 301,000 173.0 12.7 1,728,500 227.7 33.5 585,000 212.7 16.1
Aut 86 343,000 197.1 14.0 2,144,500 282.5 24.1 687,000 249.8 17.4
Spr 87 399,000 229.3 16.3 2,893,500 381.2 34.9 812,000 295.3 18.2
Aut 87 468,000 269.0 17.3 3,438,500 453.0 18.8 932,000 338.9 14.8
Spr 88 624,000 358.6 33.3 3,011,000 396.7 -12.4 1,398,000 508.4 50.0
Aut 88 929,000 533.9 48.9 3,370,000 444.0 11.9 1,704,000 619.6 21.9
Spr 89 943,000 542.0 1.5 3,364,000 443.2 -0.2 1,780,000 647.3 4.5
Aut 89 837,000 481.0 -11.2 2,991,500 394.1 -11.1 1,306,000 474.9 -26.6
Spr 90 706,000 405.7 -15.7 2,559,000 337.2 -14.5 1,007,000 366.2 -22.9
Aut 90 621,000 356.9 -12.0 2,329,000 306.9 -9.0 902,000 328.0 -10.4
Spr 91 529,000 304.0 -14.8 2,089,000 275.2 -10.3 737,000 268.0 -18.3
Aut 91 504,000 289.7 -4.7 1,939,000 255.5 -7.2 704,000 256.0 -4.5
Spr 92 483,000 277.6 -4.2 1,669,000 219.9 -13.9 674,000 245.1 -4.3
Aut 92 460,000 264.4 -4.8 1,490,500 196.4 -10.7 615,000 223.6 -8.8
Spr 93 438,000 251.7 -4.8 1,337,000 176.2 -10.3 588,000 213.8 -4.4
Aut 93 450,000 258.6 2.7 1,455,000 191.7 8.8 603,000 219.3 2.6
Spr 94 495,000 284.5 10.0 1,505,000 198.3 3.4 706,000 256.7 17.1
Aut 94 540,000 310.3 9.1 1,625,000 214.1 8.0 761,000 276.7 7.8
Spr 95 560,000 321.8 3.7 1,685,000 222.0 3.7 799,000 290.5 5.0
Aut 95 589,000 338.5 5.2 1,712,000 225.6 1.6 798,000 290.2 -0.1
Spr 96 594,000 341.4 0.8 1,717,000 226.2 0.3 797,000 289.8 -0.1
Aut 96 611,000 351.1 2.9 1,827,000 240.7 6.4 817,000 297.1 2.5
Spr 97 663,000 381.0 8.5 1,925,000 253.6 5.4 950,000 345.5 16.3
Aut 97 721,000 414.4 8.7 2,071,500 272.9 7.6 1,140,000 414.5 20.0
Spr 98 790,000 454.0 9.6 2,143,500 282.4 3.5 1,220,000 443.6 7.0
Aut 98 830,000 477.0 5.1 2,205,000 290.5 2.9 1,340,000 487.3 9.8
Spr 99 860,000 494.3 3.6 2,360,000 310.9 7.0 1,370,000 498.2 2.2
Aut 99 950,000 546.0 10.5 2,528,500 333.1 7.1 1,660,000 603.6 21.2
Spr 2000 1,080,000 620.7 13.7 2,770,000 365.0 9.6 1,910,000 694.5 15.1
Aut 2000 1,150,000 660.9 6.5 3,345,000 440.7 20.8 1,980,000 720.0 3.7
Spr 2001 1,250,000 718.4 8.7 3,965,000 522.4 18.5 2,180,000 792.7 10.1
Aut 2001 1,310,000 752.9 4.8 4,223,500 556.5 6.5 2,280,000 829.1 4.6
Spr 2002 1,400,000 804.6 6.9 4,907,000 646.5 16.2 2,360,000 858.2 3.5
Aut 2002 1,580,000 908.0 12.9 5,493,000 723.7 11.9 2,490,000 905.5 5.5
Spr 2003 1,750,000 1005.7 10.8 6,000,000 790.5 9.2 2,670,000 970.9 7.2
Aut 2003 1,910,000 1097.7 9.1 6,143,000 809.4 2.4 2,760,000 1003.6 3.4
Jan 2004 2,030,000 1166.7 6.3 6,262,500 825.1 1.9 2,770,000 1007.3 0.4
July 2004 2,290,000 1316.1 12.8 6,680,000 880.1 6.7 2,880,000 1047.3 4.0
Jan 2005 2,460,000 1413.8 7.4 6,895,000 908.4 3.2 2,960,000 1076.4 2.8
July 2005
2,520,000 1448.3 2.4 7,020,000 924.9 1.8 3,020,000 1098.2 2.0
Jan 2006 2,600,000 1494.3 3.2 7,265,000 957.2 3.5 3,240,000 1178.27 7.3
July 2006 2,700,000 1551.7 3.8 7,350,000 968.4 1.2 3,320,000 1207.27 2.5
Jan 2007     2,810,000      1614.9 4.1    7,715,000 1016.5 5.0 3,630,000 1320 9.3
July 2007 2,910,000 1672.4 3.6 8,407,500 1107.7 9.0 3,830,000 1392.7 5.5
Jan 2008 2,950,000 1695.4 1.4 8,590,000 1131.8 2.2 3,830,000 1392.7 0.0
July 2008 2,480,000 1425.3 -15.9 7,240,000 953.9 -15.7 3,300,000 1200.0 -13.8
Jan 2009 1,990,000 1143.7 -19.8 6,000,000 790.5 -17.1 2,540,000 923.6 -23.0

From Autumn 1988 the Inner and Outer London average value excludes Westminster, Kensingon and Chelsea and Camden

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North East
North West and Merseyside
Yorkshire and the Humber
Date
£s per
hectare
Index
% change
£s per
hectare
Index
% change
£s per
hectare
Index
% change
Aut 83 108,000 100.0   127,000 100.0   108,000 100.0  
Spr 84 108,000 100.0 0.0 130,000 102.4 2.4 114,000 105.6 5.6
Aut 84 138,000 127.8 27.8 134,000 105.5 3.1 126,000 116.7 10.5
Spr 85 149,000 138.0 8.0 135,000 106.3 0.7 138,000 127.8 9.5
Aut 85 157,000 145.4 5.4 143,000 112.6 5.9 142,000 131.5 2.9
Spr 86 170,000 157.4 8.3 147,000 115.7 2.8 150,000 138.9 5.6
Aut 86 188,000 174.1 10.6 174,000 137.0 18.4 156,000 144.4 4.0
Spr 87 195,000 180.6 3.7 186,000 146.5 6.9 181,000 167.6 16.0
Aut 87 203,000 188.0 4.1 211,000 166.1 13.4 189,000 175.0 4.4
Spr 88 224,000 207.4 10.3 269,000 211.8 27.5 235,000 217.6 24.3
Aut 88 237,000 219.4 5.8 354,000 278.7 31.6 431,000 399.1 83.4
Spr 89 358,000 331.5 51.1 550,000 433.1 55.4 577,000 534.3 33.9
Aut 89 437,000 404.6 22.1 623,000 490.6 13.3 607,000 562.0 5.2
Spr 90 466,000 431.5 6.6 620,000 488.2 -0.5 636,000 588.9 4.8
Aut 90 535,000 495.4 14.8 582,000 458.3 -6.1 587,000 543.5 -7.7
Spr 91 520,000 481.5 -2.8 516,000 406.3 -11.3 540,000 500.0 -8.0
Aut 91 486,000 450.0 -6.5 492,000 387.4 -4.7 537,000 497.2 -0.6
Spr 92 485,000 449.1 -0.2 477,000 375.6 -3.0 514,000 475.9 -4.3
Aut 92 509,000 471.3 4.9 471,000 370.9 -1.3 465,000 430.6 -9.5
Spr 93 492,000 455.6 -3.3 445,000 350.4 -5.5 421,000 389.8 -9.5
Aut 93 488,000 451.9 -0.8 451,000 355.1 1.3 433,000 400.9 2.9
Spr 94 504,000 466.7 3.3 472,000 371.7 4.7 441,000 408.3 1.8
Aut 94 514,000 475.9 2.0 481,000 378.7 1.9 538,000 498.1 22.0
Spr 95 524,000 485.2 1.9 473,000 372.4 -1.7 564,000 522.2 4.8
Aut 95 524,000 485.2 0.0 501,000 394.5 5.9 541,000 500.9 -4.1
Spr 96 524,000 485.2 0.0 487,000 383.5 -2.8 521,000 482.4 -3.7
Aut 96 524,000 485.2 0.0 502,000 395.3 3.1 538,000 498.1 3.3
Spr 97 520,000 481.5 -0.8 509,000 400.8 1.4 564,000 522.2 4.8
Aut 97 520,000 481.5 0.0 548,000 431.5 7.7 572,000 529.6 1.4
Spr 98 520,000 481.5 0.0 573,000 451.2 4.6 590,000 546.3 3.1
Aut 98 520,000 481.5 0.0 579,000 455.9 1.0 610,000 564.8 3.4
Spr 99 530,000 490.7 1.9 622,000 489.8 7.4 620,000 574.1 1.6
Aut 99 530,000 490.7 0.0 665,000 523.6 6.9 650,000 601.9 4.8
Spr 2000 550,000 509.3 3.8 716,000 563.8 7.7 690,000 638.9 6.2
Aut 2000 550,000 509.3 0.0 783,000 616.5 9.4 690,000 638.9 0.0
Spr 2001 570,000 527.8 3.6 833,000 655.9 6.4 750,000 694.4 8.7
Aut 2001 610,000 564.8 7.0 897,000 706.3 7.7 770,000 713.0 2.7
Spr 2002 670,000 620.4 9.8 944,000 743.3 5.2 810,000 750.0 5.2
Aut 2002 1,010,000 935.2 50.7 1,150,000 905.5 21.8 870,000 805.6 7.4
Spr 2003 1,150,000 1064.8 13.9 1,250,000 984.3 8.7 1,050,000 972.2 20.7
Aut 2003 1,230,000 1138.9 7.0 1,315,000 1035.4 5.2 1,270,000 1175.9 21.0
Jan 2004 1,490,000 1379.6 21.1 1,663,000 1309.4 26.5 1,640,000 1518.5 29.0
July 2004 2,210,000 2046.3 48.3 2,042,000 1607.9 22.8 2,000,000 1851.9 22.0
Jan 2005 2,210,000 2046.3 0.0 2,430,000 1913.4 19.0 2,320,000 2148.1 16.0
July 2005 2,210,000 2046.3 0.0 2,540,000 2000.0 4.5 2,320,000 2148.1 0.0
Jan 2006 2,210,000 2046.3 0.0 2,640,000 2078.7 3.9 2,330,000 2157.4 0.0
July 2006 2,490,000 2305.56 12.7 2,700,000 2126.0 2.3 2,420,000 2240.7 3.9
Jan 2007 2,590,000 2398.15 4.0 2,723,000 2144.1 0.9 2,480,000 2296.3 2.5
July 2007 2,590,000 2398.15 0.0 2,766,000 2178.0 1.6 2,550,000 2361.1 2.8
Jan 2008 2,590,000 2398.15 0.0 2,808,000 2211.0 1.5 2,520,000 2333.3 -1.2
July 2008 2,060,000 1907.41 -20.5 2,421,000 1906.3 -13.8 2,050,000 1898.1 -18.7
Jan 2009 1,650,000 1527.8 -19.9 1,987,000 1564.6 -17.9 1,670,000 1546.3 -18.5

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East Midlands
West Midlands
Eastern
Date
£s per
hectare
Index
% change
£s per
hectare
Index
% change
£s per
hectare
Index
% change
Aut 83 120,000 100.0   162,000 100.0   294,000 100.0  
Spr 84 139,000 115.8 15.8 176,000 108.6 8.6 331,000 112.6 12.6
Aut 84 155,000 129.2 11.5 192,000 118.5 9.1 395,000 134.4 19.3
Spr 85 159,000 132.5 2.6 202,000 124.7 5.2 442,000 150.3 11.9
Aut 85 161,000 134.2 1.3 205,000 126.5 1.5 438,000 149.0 -0.9
Spr 86 174,000 145.0 8.1 217,000 134.0 5.9 609,000 207.1 39.0
Aut 86 203,000 169.2 16.7 225,000 138.9 3.7 640,000 217.7 5.1
Spr 87 233,000 194.2 14.8 245,000 151.2 8.9 746,000 253.7 16.6
Aut 87 274,000 228.3 17.6 313,000 193.2 27.8 938,000 319.0 25.7
Spr 88 391,000 325.8 42.7 388,000 239.5 24.0 1,268,000 431.3 35.2
Aut 88 699,000 582.5 78.8 820,000 506.2 111.3 1,750,000 595.2 38.0
Spr 89 772,000 643.3 10.4 922,000 569.1 12.4 1,687,000 573.8 -3.6
Aut 89 670,000 558.3 -13.2 891,000 550.0 -3.4 1,371,000 466.3 -18.7
Spr 90 593,000 494.2 -11.5 773,000 477.2 -13.2 1,066,000 362.6 -22.2
Aut 90 438,000 365.0 -26.1 722,000 445.7 -6.6 849,000 288.8 -20.4
Spr 91 392,000 326.7 -10.5 648,000 400.0 -10.2 645,000 219.4 -24.0
Aut 91 396,000 330.0 1.0 630,000 388.9 -2.8 594,000 202.0 -7.9
Spr 92 362,000 301.7 -8.6 592,000 365.4 -6.0 558,000 189.8 -6.1
Aut 92 361,000 300.8 -0.3 546,000 337.0 -7.8 562,000 191.2 0.7
Spr 93 341,000 284.2 -5.5 547,000 337.7 0.2 531,000 180.6 -5.5
Aut 93 373,000 310.8 9.4 545,000 336.4 -0.4 543,000 184.7 2.3
Spr 94 426,000 355.0 14.2 566,000 349.4 3.9 636,000 216.3 17.1
Aut 94 458,000 381.7 7.5 624,000 385.2 10.2 733,000 249.3 15.3
Spr 95 453,000 377.5 -1.1 627,000 387.0 0.5 790,000 268.7 7.8
Aut 95 459,000 382.5 1.3 619,000 382.1 -1.3 783,000 266.3 -0.9
Spr 96 461,000 384.2 0.4 618,000 381.5 -0.2 805,000 273.8 2.8
Aut 96 471,000 392.5 2.2 632,000 390.1 2.3 833,000 283.3 3.5
Spr 97 500,000 416.7 6.2 659,000 406.8 4.3 970,000 329.9 16.4
Aut 97 514,000 428.3 2.8 691,000 426.5 4.9 1,010,000 343.5 4.1
Spr 98 570,000 475.0 10.9 850,000 524.7 23.0 1,060,000 360.5 5.0
Aut 98 590,000 491.7 3.5 890,000 549.4 4.7 1,070,000 363.9 0.9
Spr 99 610,000 508.3 3.4 910,000 561.7 2.2 1,120,000 381.0 4.7
Aut 99 680,000 566.7 11.5 940,000 580.2 3.3 1,240,000 421.8 10.7
Spr 2000 720,000 600.0 5.9 1,020,000 629.6 8.5 1,510,000 513.6 21.8
Aut 2000 830,000 691.7 15.3 1,070,000 660.5 4.9 1,700,000 578.2 12.6
Spr 2001 950,000 791.7 14.5 1,220,000 753.1 14.0 1,850,000 629.3 8.8
Aut 2001 1,000,000 833.3 5.3 1,240,000 765.4 1.6 1,980,000 673.5 7.0
Spr 2002 1,090,000 908.3 9.0 1,310,000 808.6 5.6 2,280,000 775.5 15.2
Aut 2002 1,260,000 1050.0 15.6 1,440,000 888.9 9.9 2,660,000 904.8 16.7
Spr 2003 1,600,000 1333.3 27.0 1,580,000 975.3 9.7 3,020,000 1027.2 13.5
Aut 2003 1,770,000 1475.0 10.6 1,870,000 1154.3 18.4 3,180,000 1081.6 5.3
Jan 2004 1,800,000 1500.0 1.7 1,870,000 1154.3 0.0 3,280,000 1115.6 3.1
July 2004 2,010,000 1675.0 11.7 2,070,000 1277.8 10.7 3,390,000 1153.1 3.4
Jan 2005 2,010,000 1675.0 0.0 2,120,000 1308.6 2.4 3,425,000 1165.0 1.0
July 2005 2,090,000 1741.7 4.0 2,190,000 1351.9 3.3 3,500,000 1190.5 2.2
Jan 2006 2,060,000 1716.7 -1.4 2,200,000 1358.0 0.5 3,615,000 1229.6 3.3
July 2006 2,080,000 1733.3 1.0 2,200,000 1358.0 0.0 3,850,000 1309.5 6.5
Jan 2007 2,180,000 1816.7 4.8 2,260,000 1395.1 2.7 4,000,000 1360.5 3.9
July 2007 2,190,000 1825.0 0.5 2,350,000 1450.6 4.0 4,200,000 1428.6 5.0
Jan 2008 2,190,000 1825.0 0.0 2,440,000 1506.2 3.8 4,250,000 1445.6 1.2
July 2008 1,860,000 1550.0 -15.1 2,120,000 1308.6 -13.1 3,425,000 1165.0 -19.4
Jan 2009 1,310,000 1091.7 -29.6 1,890,000 1166.7 -10.8 2,900,000 986.4 -15.3

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South West
Wales
Scotland
Date
£s per
hectare
Index
% change
£s per
hectare
Index
% change
£s per
hectare
Index
% change
Aut 83 185,000 100.0   85,000 100.0        
Spr 84 206,000 111.4 11.4 85,000 100.0 0.0      
Aut 84 247,000 133.5 19.9 96,000 112.9 12.9 138,000 100  
Spr 85 269,000 145.4 8.9 100,000 117.6 4.2 129,000 93.5 -6.5
Aut 85 287,000 155.1 6.7 102,000 120.0 2.0 133,000 96.4 3.1
Spr 86 320,000 173.0 11.5 120,000 141.2 17.6 137,000 99.3 3.0
Aut 86 347,000 187.6 8.4 127,000 149.4 5.8 145,000 105.1 5.8
Spr 87 440,000 237.8 26.8 137,000 161.2 7.9 155,000 112.3 6.9
Aut 87 556,000 300.5 26.4 145,000 170.6 5.8 169,000 122.5 9.0
Spr 88 753,000 407.0 35.4 202,000 237.6 39.3 190,000 137.7 12.4
Aut 88 1,218,000 658.4 61.8 336,000 395.3 66.3 200,000 144.9 5.3
Spr 89 1,280,000 691.9 5.1 534,000 628.2 58.9 241,000 174.6 20.5
Aut 89 1,072,000 579.5 -16.3 617,000 725.9 15.5 342,000 247.8 41.9
Spr 90 825,000 445.9 -23.0 490,000 576.5 -20.6 469,000 339.9 37.1
Aut 90 729,000 394.1 -11.6 493,000 580.0 0.6 475,000 344.2 1.3
Spr 91 627,000 338.9 -14.0 415,000 488.2 -15.8 395,000 286.2 -16.8
Aut 91 581,000 314.1 -7.3 395,000 464.7 -4.8 391,000 283.3 -1.0
Spr 92 574,000 310.3 -1.2 371,000 436.5 -6.1 380,000 275.4 -2.8
Aut 92 540,000 291.9 -5.9 333,000 391.8 -10.2 373,000 270.3 -1.8
Spr 93 505,000 273.0 -6.5 309,000 363.5 -7.2 370,000 268.1 -0.8
Aut 93 517,000 279.5 2.4 326,000 383.5 5.5 370,000 268.1 0.0
Spr 94 561,000 303.2 8.5 341,000 401.2 4.6 370,000 268.1 0.0
Aut 94 587,000 317.3 4.6 367,000 431.8 7.6 415,000 300.7 12.2
Spr 95 610,000 329.7 3.9 381,000 448.2 3.8 415,000 300.7 0.0
Aut 95 601,000 324.9 -1.5 325,000 382.4 -14.7 435,000 315.2 4.8
Spr 96 608,000 328.6 1.2 364,000 428.2 12.0 438,000 317.4 0.7
Aut 96 638,000 344.9 4.9 374,000 440.0 2.7 458,000 331.9 4.6
Spr 97 685,000 370.3 7.4 411,000 483.5 9.9 513,000 371.7 12.0
Aut 97 728,000 393.5 6.3 461,000 542.4 12.2 514,000 372.5 0.2
Spr 98 870,000 470.3 19.5 490,000 576.5 6.3 550,000 398.6 7.0
Aut 98 900,000 486.5 3.4 520,000 611.8 6.1 560,000 405.8 1.8
Spr 99 960,000 518.9 6.7 540,000 635.3 3.8 580,000 420.3 3.6
Aut 99 1,060,000 573.0 10.4 560,000 658.8 3.7 630,000 456.5 8.6
Spr 2000 1,220,000 659.5 15.1 740,000 870.6 32.1 680,000 492.8 7.9
Aut 2000 1,330,000 718.9 9.0 740,000 870.6 0.0 730,000 529.0 7.4
Spr 2001 1,430,000 773.0 7.5 770,000 905.9 4.1 780,000 565.2 6.8
Aut 2001 1,470,000 794.6 2.8 810,000 952.9 5.2 790,000 572.5 1.3
Spr 2002 1,570,000 848.6 6.8 880,000 1035.3 8.6 810,000 587.0 2.5
Aut 2002 1,720,000 929.7 9.6 980,000 1152.9 11.4 920,000 666.7 13.6
Spr 2003 1,840,000 994.6 7.0 1,120,000 1317.6 14.3 1,290,000 935 40.2
Aut 2003 2,030,000 1097.3 10.3 1,280,000 1505.9 14.3 1,340,000 971.0 3.9
Jan 2004 2,030,000 1097.3 0.0 1,320,000 1552.9 3.1 1,410,000 1021.7 5.2
July 2004 2,160,000 1167.6 6.4 1,680,000 1976.5 27.3 1,570,000 1137.7 11.3
Jan 2005 2,200,000 1189.2 1.9 2,180,000 2565.7 29.8 1,680,000 1217.4 7.0
July 2005 2,230,000 1205.4 1.4 2,230,000 2623.5 2.3 1,750,000 1268.1 4.2
Jan 2006 2,340,000 1264.9 4.9 2,270,000 2670.6 1.8 1,830,000 1326.1 4.6
July 2006 2,500,000 1351.4 6.8 2,380,000 2800.0 4.8 1,910,000 1384.1 4.4
Jan 2007 2,560,000 1383.8 2.4 2,390,000 2811.8 0.4 1,970,000 1427.5 3.1
July 2007 2,690,000 1454.1 5.1 2,520,000 2964.7 5.4 2,140,000 1550.7 8.6
Jan 2008 2,800,000 1513.5 4.1 2,530,000 2976.5 0.4 2,280,000 1652.2 6.5
July 2008 2,400,000 1297.3 -14.3 2,030,000 2388.2 -19.8 2,130,000 1543.5 -6.6
Jan 2009 1,980,000 1070.3 -17.5 1,510,000 1776.5 -25.6 1,290,000 934.8 -39.4

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Residential building land value trends

England and Wales (excluding London and Scotland)

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London


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