Farmland for development hits multimillion pound level

摘要

Development land values have reached ￡1.5m/acre in the most desired areas of the UK in response to the housing crisis.The government is committed to building 300,000 new homes each year by the mid-20205 to meet demand, but the latest figures show just 178,800 were completed in England in the year to December 2019.A planning White Paper is expected shortly, which is expected to overhaul the system and accelerate the process. Farmers Weekly asked Strutt & Parker for an update on the status of development land in different areas.