■ However, uncertainty surrounding recent policy announcements affecting affordable housing provision and the land value implications of the requirement for Starter Homes continues to subdue the market overall.

■ Moreover, appetite for new land acquisitions from major housebuilders has not matched their increase in output or their higher profit margins. Rather than acquiring significant volumes of new land, some of the biggest players have been able to rely on converting their existing strategic land sites into permissioned plots.

■ Public land disposal will increase the supply of development land, but the rate at which this land is absorbed into the market will depend on the location, timing and type of land disposal.