UK Residential Land Prices May Have Bottomed, Knight Frank Says

The value of land for new housing in Britain “may have reached a floor” as easing borrowing costs and planning changes increase developers’ appetite to build, according to a survey of 40 homebuilders by Knight Frank.

The “prevailing view” among developers is that late 2025 marked the bottom of the market, helped by government efforts to improve the planning system and a reduction in regulatory hurdles, according to a report sent to clients seen by Bloomberg News. There were “tentative signs” of a recovery in demand for land in December and January, partly driven by an improvement in delays at the Building Safety Regulator, the broker said.