Residential development

"Some improvement in land market sentiment but highly varied"

"Record growth in UK Build to Rent. The third quarter of 2023 witnessed a record 59,043 BtR homes under construction, while completed BtR homes surged by 11%"

"Rising wages are supporting rental growth as supply-side challenges persist"

"The residential land market continues to be slow with limited activity and further softening of land values"

"The pick-up in sales rates suggests activity is likely to return to the land market by the second half of the year"

"The land market has slowed significantly over the last quarter, reflective of wider market uncertainty"