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pipllman

Savills On Land Values, June 15

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"The availability of development land is constrained by the planning system but also by other factors. Land is generally an appreciating asset and many landowners’ price expectations will be firmly set. Even if planning regulations were eased further, there are limited incentives for landowners to sell at a faster rate than they are currently as that might compromise the price they achieve. That is particularly the case where the land is already generating an income through other uses."

http://pdf.savills.com/documents/2015-06-04ValueofLand.pdf

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