2025年第二季度英国可再生能源开发土地指数

The Knight Frank Residential Development Land Index is designed togive a snapshot of broad trends in the development land market 47% Persistent planning delays and Gateway 2 bottlenecksslow delivery as soft demand and viability pressuresweigh on land values respondents to our quarterly surveycited adding 12 months or more toproject timelines for Gateway 2 checks UK residential development landvalues dropped in the second quarteras housebuilders grappled withplanning delays, viability challenges,skills shortages and weak demandfrom purchasers. example, started just 731 new privateunits between April and June, thelowest quarterly total ever, accordingto consultancy Molior London. 21% of survey respondents expect reservationsto tick up in the second half compared tothe first MARKET CONDITIONS 731 Our quarterly survey of small andvolume housebuilders suggestconditions have worsened in thepast three months, which will weighfurther on both land values andoutput in the second half of the year.Despite government efforts to speedup planning, almost three quarters ofour respondents cited planning delaysas their biggest challenge during thequarter, up from 60% in Q1. Urban Brownfield land valuesdropped marginally during the quarter,bringing the annual decline to -5%.Greenfield land values also dropped,bringing the annual decline to 5%.Prime Central London values heldsteady on the quarter, supported by alack of supply. That brings the annualdecline to 2.5%. new private housing starts betweenApril and June in London, according toconsultancy Molior London expressed optimism that planningreforms already announced will havea positive impact over time. Thereinstatement of mandatory localhousing targets and a commitmentto greenfield/greybelt flexibilityhas boosted sentiment outside ofurban markets. Increased fundingfor planning departments and theappointment of more officers shouldsoon begin to ease local authorityresourcing issues. Persimmon, BarrattRedrow and Bellway have all recentlyhighlighted the updated NPPF andthe Planning and Infrastructure Bill asimportant steps that should supportdelivery in the medium term, even ifnear-term challenges remain. Land values are falling amidsubstantial drops in output,particularly in the UK’s towns andcities. Developers in London, for This may be a temporary shift;several major housebuilders have Buyer sentiment followed planningdelays at 37%. While there are stillfixed rate mortgages available below4%, the easing in mortgage rateshas largely plateaued in recent months. Rising wages will improveaffordability in-time, but it’s a slowprocess and without governmentsupport many buyers at the foot of theproperty ladder continue to struggle toraise deposits. density schemes in key employmenthubs face unique challenges –particularly when it comes to Gateway2, a checkpoint in the Building SafetyAct for buildings higher than 18 meters,or seven storeys. While our Q1 index referencedGateway 2 as a barrier in qualitativeterms, Q2 provides concrete scale:our respondents have in excess of6,600 homes in the Gateway 2 process.The unpredictability of the process,particularly repeated delays, ismeaningfully reducing demand for landand appetite to begin new projects. Ofthose respondents impacted, nearlyhalf say the process is adding more than12 months to project timelines. A thirdexpect to wait more than six monthsfor checks to complete. Respondentsalso highlighted that late-stage viabilityreviews continue to slow urban schemesby adding uncertainty to projectfinances and timelines. The low level of registered providersactive for Section 106 affordablehomes came in third at 27%. Thegovernment’s June Spending Reviewincluded a £39 billion investment over10 years for a new Affordable HomesProgramme (AHP), which should soonbegin to ease financial pressures atRegistered Providers (RPs), howeverit’s unclear how much fundingwill be geared towards purchasingSection 106 units while RPs grapplewith investing in building safety anddecarbonization. HIGH DENSITY DIFFICULTIES These issues impact developers acrossthe board, but those developing higher to build-to-rent operators or single familyhousing investors (21.4%) and loosermortgage affordability criteria (14%). report struggling to meet output targetsin the past twelve months due to labourand skills shortages. Almost half citedbricklayers as the trade most impacted,followed by carpenters and plasterers. Land availability % of respondents that said landavailability was… Still, should the BoE continue withits current once-a-quarter pace of cuts,leading fixed rates may drop to around3.7% by the year end, which is unlikelyto unlock delivery at the scale thegovernment is hoping. Rather, achievingthat would require a mixture of policyinterventions which could includerenewed support for first-time buyers,or some efforts to revive the off-plansales market – a key pillar in the fundingand delivery of high density, speculativedevelopment. Measure