Data sources for benchmark land value estimation

As there is no single data source for estimating benchmark land values, the key assumptions draw upon a number of sources: • A database of open market development land transactions provided by private sector sources; • A database of open market transactions provided under a data sharing agreement by LPS, consisting of validated individual transactions within the Belfast district; • Development industry workshop discussions; • Information on land sold for development provided by the Council estates department; and • Actual figures available from site specific viability assessments received as part of planning applications.