Land prices are far higher in London than in other major cities

Estimated value of residential land, per hectare, October 2023

MHCLG's medium density scenario: a typical site at each area's usual density, valued at the median local new-build price. London builds at higher densities, which raises value per hectare. Manchester, Birmingham and Leeds are council areas, which include suburban and rural land. Inner and Outer London (ONS definition) are borough estimates averaged by land area.
Chart: Centre for British ProgressSource: MHCLG land value estimates for policy appraisal 2023; ONS Standard Area Measurements (Dec 2024)Get the data