Concerns have been raised about the delivery of new housing targets in the capital after residential land values fell 4.9% in central London in the past six months.
Savills, the upmarket estate agent, said the sharp fall in land prices for homes meant that development sites were increasingly being considered for alternative uses such as hotels and offices.
The shift is already taking place in the boroughs of Westminster and Kensington & Chelsea.
The UK Government has launched a new AI tool, Extract, designed to dramatically accelerate the planning process by digitising decades of handwritten documents and maps. It is part of the…
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