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Land Prices

Volume 113: debated on Monday 30 March 1987

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asked the Secretary of State for the Environment what is the present average level of land prices of (a) housing, (b) offices and (c) industry in the following areas (i) the enterprise zone, (ii) the Isle of Dogs outside the enterprise zone, (iii) the urban district council area in Southwark and (iv) the urban district council area in Newham.

Detailed analyses of current land values for specific uses in the London Dockland Development Corporation area are not available. However, open market values for housing land in docklands currently range between £600,000 and £3 million per acre, depending on factors such as size, location and terms of sale.