Residual Land Values - Measuring Performance & Investigating Viability
Given this context, theoretical land values for different locations, estimated using a consistent set of assumptions, provide a useful benchmark for developer and investor decision making processes. The project produced quarterly estimates of residual land values for the apartment, retail, office and industrial sectors. The findings revealed a North/South divide in land values for all land uses analysed and development would not be viable without intervention for some uses in some areas. The research establishes a framework for continued recording of UK land value trends into the future, which could increase the transparency of land markets. The approach could also assist policy-making in relation to land value capture.