“We are delighted with the volume of land deals completed since the start of this year, not least because it shows the industry is now moving in the right direction,” says Iain Berry, Regional Land & New Homes Director for Connells. “We know from our estate agency branches that there is a marked increase in the number of people registering an interest to move home this year and developers need to act quickly if they want to take advantage of this surge in demand.”
According to the recent Markit/Chartered Institute of Purchasing and Supply survey, which works on an index where 50 is flat growth, construction activity in April had risen from 53.1 to 58.2. Residential building has risen to 60.3 on the index, its highest level since August 2007.
The Connells Land & Planning team is urging private land owners looking to sell this year to come to market at soon as possible. “There is growing confidence across the housing market and we are quietly optimistic that an increasing number of plots will become available once this confidence begins to infiltrate the land owner community,” Iain explains.
“Land is currently in high demand, so we would urge anyone looking to sell in 2010 to get in touch now to discuss your options,” says Iain.
Have your say on this story using the comment section below