■ Urban land values have increased more strongly than values for greenfield land over the last quarter picking up from the slow or negative growth in Q3 2016 following the Brexit vote. This has been led by growth in regional cities including Birmingham, Manchester and Glasgow.

■ The strongest demand is for oven-ready sites in established residential areas or close to good infrastructure. Generally, there is less demand for sites in more rural or economically weaker markets and for those needing remediation.

■ The PLC housebuilders have been more active in their land buying activity after pausing in the summer and early autumn, albeit they are able to be more selective about sites. Generally, there is sufficient land availability to replenish their land pipelines.

■ In areas where there is less intense competition for land, more land owners are engaging with joint venture agreements with developers, to generate higher land value over a longer period.