U K residential land values falling
This is of course no surprise, but what’s worth noting is that at least one “estate agent” seems to understand that it’s land value, not house value, that’s dropping,l per this article from the Telegraph. Brownfield sites (which to the Brits means any vacant site previously built upon, not necessarily polluted) are down 19.8%, and greenfield sites down 22.5%, in the first half of 2008. (via nowpublic)