It’s that time of year, when Business Link Magazine invites the region’s business leaders to offer up their predictions for the year ahead.
It has become something of a tradition, given that we’ve been doing this now for over 30 years.
Here we speak to Peter Garrett, Managing Director of Keyland Developments, the property trading arm of Kelda Group and sister-company to Yorkshire Water.
Setting global pandemic issues aside, I think I can confidently predict that the continuing scarcity of well-located residential and industrial development land means that we are going to continue to see increasing prices for both.
In fact, I think this could well be my prediction for every year going forward until the country faces up to and addresses land supply issues, which would involve having a grown-up conversation about development in the greenbelt and beyond.
With a development pipeline of over 8,000+ houses and 3.5m sq ft of industrial land all within God’s Own County, Keyland is clearly in a good position to benefit from increasing land values, but looking at the country as a whole, it is simply an exercise in futility to carry on trying to meet the needs of a growing population without properly planning where that population will live and work.
