Get the latest insights on price movement and trend analysis of Industrial Land in different regions across the world (Asia, Europe, North America, Latin America, and the Middle East & Africa).
For the First Half of 2022
All economies are very fragile in the aftermath of the covid-19 pandemic, and with the Russia-Ukraine war causing unprecedented price rises in the energy bills, the countries are now reeling under pressure to save their economies from the possibility of a global recession. In India, the cost of construction increased by 10-12%, and the Whole Price index for raw materials entered double digits, which prompted the developers to raise the prices.
The Indian domestic market witnessed a 26% (weighted average) increase in the rates of industrial land necessitated by the increasing market prices and cost inflation. The industrial land prices went from 8100-21000 INR/sqmt to 9500-25000 INR/sqmt during the said period. Vietnam witnessed a 20-26% hike in industrial land prices during the year’s first half. Hence, the price trends for Industrial land tipped towards the higher side of the scale owing to inflationary pricing amid the continuing economic meltdown.
Procurement Resource provides latest prices of Industrial Land. Each price database is tied to a user-friendly graphing tool dating back to 2014, which provides a range of functionalities: configuration of price series over user defined time period; comparison of product movements across countries; customisation of price currencies and unit; extraction of price data as excel files to be used offline.
The Land cost refers to all the expenses associated with the acquisition of the land, with or without property/buildings, by the company along with the cost needed to ready it for intended purpose. Companies may acquire land for several reasons, such as, for speculative purposes or as a part of its inventory. During the acquisition of a land, certain costs are ordinary and necessary and those must be assigned to Land.
So Land purchase cost includes real estate commissions, legal fees, bank fees, title search fees, and array of similar expenses. This cost also includes site preparation expenditures such as grading and draining, or the amount required to rebuild an old structure. All these costs are necessary to get the land ready for its actual or intended use. Additional land improvement cost may also incur, which include the expenditures on areas like parking lots, landscaping, irrigation systems, lighting, drainage systems, utility lines and similar things.
|Product Name||Industrial Land|
|Region/Countries Covered||Asia Pacific: China, India, Indonesia, Pakistan, Bangladesh, Japan, Philippines, Vietnam, Iran, Thailand, South Korea, Iraq, Saudi Arabia, Malaysia, Nepal, Taiwan, Sri Lanka, UAE, Israel, Hongkong, Singapore, Oman, Kuwait, Qatar, Australia, and New Zealand
Europe: Germany, France, United Kingdom, Italy, Spain, Russia, Turkey, Netherlands, Poland, Sweden, Belgium, Austria, Ireland Switzerland, Norway, Denmark, Romania, Finland, Czech Republic, Portugal and Greece
North America: United States and Canada
Latin America: Brazil, Mexico, Argentina, Columbia, Chile, Ecuador, and Peru
Africa: South Africa, Nigeria, Egypt, Algeria, Morocco
|Currency||US$ (Data can also be provided in local currency)|
|Supplier Database Availability||Yes|
|Customization Scope||The report can be customized as per the requirements of the customer|
|Post-Sale Analyst Support||360-degree analyst support after report delivery|
Note: Our supplier search experts can assist your procurement teams in compiling and validating a list of suppliers indicating they have products, services, and capabilities that meet your company's needs.
The displayed pricing data is derived through weighted average purchase price, including contract and spot transactions at the specified locations unless otherwise stated. The information provided comes from the compilation and processing of commercial data officially reported for each nation (i.e. government agencies, external trade bodies, and industry publications).
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