Tag: Savills
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Could the Base Rate Cut Mean House Prices Rise by 2.5% This Year?
Leading property experts, Savills, predict house prices could climb by 2.5% in 2024. This optimistic outlook follows the recent decision by the Bank of England to cut the base rate to 5% – the first reduction in four and a half years. What does this mean for you? This rate cut is a strong sign…
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More Landlords are Selling Up, Driven by Tax Fears
If you’re a landlord looking to sell your rental property or second home, you’re not alone. A new analysis from estate agent Savills reveals a big jump in landlord sales across the UK – and it could be down to fears over changes to capital gains tax (CGT). The data shows sales of buy-to-let properties…
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Central London Offices – Investors are Back!
Investor appetite for London offices is on the rise, but it’s the smaller deals that are driving the market. After a quiet start to the year, the London office investment market is showing signs of life. The second quarter of 2024 saw a significant jump in activity, with £1.54 billion worth of deals completed, a…
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Green is the New Gold – Sustainable Buildings Drive London’s Office Market
Get ready to ditch the old, grey, concrete jungle – the London office market is going green. Demand for sustainable office space is booming, with financial firms leading the charge. Leasing activity soared in the second quarter of the year, according to Savills, a leading real estate firm. Here’s the lowdown: The shift towards sustainable…
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House Prices Set to Rise – But Booms Are Over
Good news – house prices are going up! But don’t expect another property price explosion… For years, buying a house felt like watching your money grow on trees. Prices were shooting up! But lately, things have been a bit more, well, normal. After a bit of a dip last year, experts reckon house prices are…
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London’s Luxury Property Market Still Booming for Buyers and Sellers
Homes worth £5 million or more are still flying off the shelves, proving London remains a top choice for those seeking luxury living. Despite rising interest rates, the London prime property market is still going strong. Savills, a leading estate agent, has revealed that homes priced at £5 million or more are being snapped up…
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Scottish Prime House Prices Cooling but Set to Rise Again Soon
Good news for sellers, prices are set to rise again soon – but buyers are starting to get more for their money in some areas. Here’s the latest on luxury house prices in Scotland. The good times in the luxury homes market in Scotland might be coming to an end – for now at least.…
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£20 Billion to be Invested – Build to Rent Market Heats Up
The Build to Rent (BtR) market has been growing steadily over the last decade, with £35 billion invested in delivering 100,000 homes. But the demand for private rental homes is sky-high. We need another million homes by 2031 just to keep up. Savills, a top property advisor, reckons we need £300 billion of investment to…
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First-Time Buyers Refuse to Be Shaken by Tough Housing Market
Despite soaring interest rates and a wobbly housing market, first-time buyers are refusing to give up on their dreams of owning a home. New figures show they are adapting to the tough conditions and snapping up properties, proving their resilience in the face of economic uncertainty. Over the past couple of years, anyone looking to…
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Negative Equity Nightmare? HBOS Offers Remortgage Lifeline to Struggling Homeowners!
Worried about being trapped in negative equity? HBOS has launched a new deal offering a glimmer of hope to homeowners facing the prospect of sky-high mortgage repayments. For those unfamiliar with the term, negative equity is the dreaded situation where your outstanding mortgage is actually bigger than the value of your home. It’s a problem…