Tag: Savills
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Build-to-Rent Investors Find Opportunity in the UK Property Market
The UK property market is experiencing a significant shift as small landlords struggle to cope with mounting pressure. This has created a lucrative opportunity for build-to-rent investors, who are swooping in to meet the increasing demand for rental housing. The Changing Landscape According to Andrew Saunderson, who heads CBRE Group’s UK Residential Capital Markets division,…
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London’s Record-Breaking Rents
Rents in London have reached record-breaking levels, surpassing those in other parts of the UK and even outpacing many European capitals. In fact, property agents Savills report that London rents increased by a significant 20% between March 2020 and May 2023. The median cost of a studio in Greater London now stands at £1,275 per…
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Cash Buyers Drive London Prime Market
Cash buyers have been driving sales in prime central London, according to leading estate agency Savills. Despite concerns about rising interest rates and price sensitivity, there has been an increase in £10 million-plus cash deals this summer in prestigious areas such as Kensington, Chelsea, Westminster, and Knightsbridge. Wealthy buyers, who are not affected by rising…
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Co-Living to Grow Significantly
The concept of co-living has become increasingly popular in recent years, with multiple-occupancy developments popping up in major cities across the UK. Co-living, also known as beehive housing, involves living in small private units within larger communal spaces. While this trend offers the promise of a more connected and sustainable way of living, it also…
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REIT Time, Right Place for the Build to Rent Market?
Investors Chronicle looks at a potential REIT that could be perfectly positioned to capitalise on the UK’s rising rents and booming Build-to-Rent market. The cost of renting a home in the UK is increasing at an unprecedented rate, with record-breaking annual rent increases for 10 consecutive months. This trend is seen across all regions of…
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Record Student Numbers Fuelling Demand for Lets
An increase in the number of students is combining with a reduction in the number of houses to rent, according to research by Savill’s in University cities. Toby Parsloe, research analyst at Savills, said, “The UK has a record 2.3 million full-time students, 91,000 more than last year. UCAS applications have remained elevated since the…
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Build to Rent – Fewer Starts, More Completions
The number of Build-to-Rent projects being started has fallen, but the number of existing projects being completed has risen in the last year, according to the British Property Federation. Expert Opinions: In Simple Terms: Build-to-Rent homes are on the rise in the UK, which is good news for those looking to rent. While there are…
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The Most Desirable Towns in Britain
High-earning individuals looking for quality schools and beautiful surroundings are driving property prices up in some of the UK’s most desirable towns. Savills’ Findings The Telegraph engaged Savills estate agents to sift through the latest census data and determine which towns rank highest based on several factors: the percentage of residents with managerial roles, their…
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Savills Profits Down
Property advisers and estate agents Savills are reporting a drop in their profits. Background In a Nutshell The property market, especially in China, is recovering slower than expected, mainly due to higher interest rates. This has affected Savills’ earnings, but the company remains optimistic about the future. If you’re considering investing, it’s essential to keep…
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Cash Buyers’ Advantage in Prime Property
Research by Savills has shown that top-end buyers with cash are sticking to their budgets, while those using mortgages are cutting their spend. What This Means for You as an Investor In conclusion, the prime property market in the UK is experiencing significant changes due to interest rates and economic conditions. Understanding these shifts can…