Land in London now commands an average value of more than £105,000 per acre, almost eight times the national average, according to new research from specialist land portal LandSale.
Analysis of almost 1,900 land listings across Britain found that Greater London remains the country’s most expensive location for land, with an estimated average value of £105,213 per acre compared with a national average of £13,281.
The research suggests that scarcity remains the primary driver of values, with London plots accounting for just 0.4% of all land currently listed on the platform.
While many of the sites analysed are located on the fringes of Greater London rather than in central areas, strong demand and the potential for future development continue to support significant premiums.
REGIONAL DIFFERENCES
The South East ranked as the second most expensive region, with land valued at an average £29,492 per acre, followed by the North West (£24,142), South West (£20,295) and West Midlands (£16,321).
In contrast, Scotland offered the lowest average land values at £5,222 per acre, followed by Wales (£9,272) and Yorkshire and the Humber (£10,103).
However, buyers in these regions benefit from substantially larger plots. Scottish land listings averaged 78 acres compared with just eight acres in London.
The research also highlights where buyers have the greatest choice of opportunities. Wales accounted for the largest share of land listings currently available, representing 15.9% of all sites advertised on the LandSale platform. The South West followed with 14.6%, while Scotland accounted for 12.7%.
SUBSTANTIAL PREMIUM
Adam Morris, founder of LandSale, says: “Whilst the wider property market has faced its fair share of challenges in recent years, demand for land remains remarkably resilient,” he said.
“Opportunities associated with London are exceptionally scarce and, in most cases, are located around the outer boroughs and wider Greater London area rather than in central locations.
“However, the combination of restricted supply, strong demand and future development potential means these plots continue to command a substantial premium.”
Morris adds that demand remains strong across a broad range of buyer types, from developers seeking strategic opportunities near the capital to purchasers looking for agricultural land, lifestyle plots and larger acreage elsewhere in Britain.
