Rich pickings for high-end residential development sites

摘要

After a period of around 18 months with virtually no transactions, Jones Lang LaSalle says the northwest residential land market now appears to have entered a period of sustained recovery. Demand for good-quality sites has returned and there is strong competition for land in the right locations.Jones Lang LaSalle Manchester's quarterly residential development land review, which was published this month, shows that more than 20 sales, totalling more than ￡100m, have either exchanged or completed in the 12 months to the end of September 2010. This demonstrates that demand has returned from developers.