■  Recent policy announcements have also contributed to the flattening of residential land prices due to changes to affordable housing provision and uncertainty over the impact on Buy to Let demand.

■  In London, development land prices for non-residential uses have increased over the last six months, unlike those for residential. Between Q1 and Q3 2015, land values have increased by 6.4% for office use and 2.2% for hotel use.

■  Development for alternative tenures is in greater demand in some areas. For instance, Birmingham, Manchester and Leeds are seeing demand from the private rented sector (PRS) whilst in places such as Cardiff and Coventry demand is strong for student housing.