Savills: Residential building land value drops 20pc Residential building land, one of the core assets of most housebuilders, plummeted in value by 20pc in the first six months of the year and could fall by up to 50pc before the current slump is over.
More...Savills: Residential building land value drops 20pc
If the price goes down by 50% the housebuilders are going to be in serious trouble as the land banks on their balance sheets halves in value...
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