As optimism returns to the residential development sales market, development land has seen a resurgence, with new sites coming onto the market. Furthermore, sites which have been lingering are coming forward for planning and for sale.

Victorian City Suburbia

The development land market in these locations has benefited considerably from the reorganisation of public sector assets, from schools to hospitals, and consequently supply is set to increase. The majority of sites are refurbishments and conversions which place limitations on the scope of the development. There have been some larger, cleared sites which have come or are due to come to the market and these have generated considerable interest.

Established Suburbia

These markets continue to be relatively consistent and land agents and buyers alike continue to work with local landowners, communities and councils to bring forward land in these locations.

As optimism has been returning developers have been looking beyond the traditional, high demand established communities and getting strong results.

New Regeneration Neighbourhoods

Many regeneration areas in the city of Glasgow and the surrounding areas have benefited from Help to Buy and this has helped with the initial development of communities in these areas.

While the first lots of land were considered higher risk and consequently relatively good value, latterly regeneration sites have gained significant interest and despite the end of Help to Buy the momentum gathered to date should help to sustain demand.