Tag: Savills
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AI Boom Sparks Data Centre Gold Rush
The Artificial Intelligence (AI) revolution is about to send the data centre market into overdrive, with experts predicting a doubling of demand in just four years. This unprecedented surge could spell a golden opportunity for investors ready to cash in on the next big thing in property. Forget London, Head North! Savills, the international real…
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Build-to-Rent Construction Falls as Costs Spiral
Property developers are facing a challenging time as the construction of Build-to-Rent (BtR) homes has plummeted by 20%, despite a surge in demand. New figures from Savills reveal a worrying trend in the BtR sector. Despite the number of completed BtR homes surpassing 120,000 – a jump of nearly a quarter in just a year…
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London Luxury Homes Now a Bargain at 20% Off!
Could now be the time to grab your slice of prime London property? Prices in the capital’s most desirable neighbourhoods have plummeted by a fifth since their peak in 2014. Despite lower mortgage rates offering potential savings, Savills’ latest report reveals that the priciest London properties are now 20% cheaper than a decade ago. So,…
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Budget Worries Hit Property Prices Despite Cheaper Mortgages – Savills
House prices have stalled as potential buyers wait to see what’s in store for their wallets in the upcoming budget, despite cheaper borrowing costs. While cheaper mortgages have boosted the property market, fears over tax hikes have made some buyers think twice, particularly those eyeing up luxury homes in London. The latest figures from property…
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Pension Fund Giants Pump £1 BILLION into UK’s Build-to-Rent Market
One of the UK’s largest pension funds, Nest, just injected £1 billion into build-to-rent properties. Here’s the deal: Why this matters to YOU: The Big Players: Elizabeth Fernando, Nest’s chief investment officer, highlighted the two-pronged benefit: “By building more properties, we can extend to our members a great investment opportunity while helping to meet this…
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First-Time Buyers Power £88 Billion Housing Market Boom!
House prices are being driven upwards as a record number of first-time buyers enter the market. The UK housing market is bouncing back. Brits spent £88.3 billion on houses and flats in the second quarter of 2024, an 8% jump compared to last year, according to Savills. This rise takes the total spend on property…
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Glasgow Southside Homes Sell for 25% More Than Rest of City
Thinking of buying a home in Glasgow? You might want to think carefully about where you choose, as new data reveals that homes in the city’s desirable southside are commanding prices 25% higher than the city average. Savills estate agents, using data from MyHousePrice.com, have revealed that the average property price in the southside postcodes…
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London Million-Pound Homes Vanish After Tax Hit
George Osborne’s changes to stamp duty a decade ago have hammered the capital’s luxury property market. The number of homes in London worth £1 million or more has plummeted by 16% since 2014, according to new research. In stark contrast to the rest of the country, where million-pound homes have increased by 70% over the…
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Build to Rent – The Big Money is Shifting to Operational Schemes
Big money is moving into the Build to Rent market, and it’s focusing on already-built, fully-let schemes. Savills, a top property consultancy, has revealed that investors are increasingly keen on buying up operational Build to Rent schemes – those shiny, new apartment blocks already packed with happy tenants, rather than just pouring money into developing…
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Bank of Mum and Dad to the Rescue as First-Time Buyers Struggle
Soaring house prices and sky-high mortgage rates are making it nearly impossible for first-time buyers to get on the property ladder. Now, more than ever, they’re relying on the generosity of family to make their homeownership dreams a reality. A new report from Savills shows that 57% of first-time buyers got financial help from family…