Tag: Savills
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London Calling – Where Do Buyers REALLY Want to Live?
It’s no secret that London house prices make your eyes water – but with the market constantly changing, everyone’s asking: will prices go up…or down? The average London home will set you back £496,000 – that’s down from last year, but still miles above the UK average of £284,000! But here’s a twist. Estate agent…
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London House Prices Stall as Buyers Hit the Pause Button – Savills
The property market in prime parts of London has taken a bit of a breather, with prices barely budging. Estate agent Savills reckons it’s because buyers are holding back to see what happens with the new government and interest rates. While fancy homes in the centre of London have dipped slightly in value, family homes…
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Election Uncertainty Put Expensive Homes on Ice
Even though the prime housing market is usually pretty steady, Savills, the estate agents, say that prices haven’t really budged lately. Why? Because everyone’s been a bit nervous about the general election. Frances McDonald, from Savills, reckons that some rich buyers are holding back, waiting to see who’s in charge before splashing their cash. After…
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Middle-Aged Renters – A Goldmine for Developers?
The UK’s rental market is facing a demographic shift, with older renters becoming a more prominent force. This presents a lucrative opportunity for large-scale developers, who are increasingly targeting this group with new build-to-rent schemes. A growing number of people over 35 are finding themselves stuck in the private rental sector. This is driven by…
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Small Sites Hold Key to Solving UK Housing Crisis, Says New Report
Could building on smaller plots be the answer to the UK’s housing shortage? A new report suggests that this is the only way the government will meet its target of building 1.5 million homes by 2030. The report, called “Land Matters,” reveals a worrying trend in the UK’s housebuilding industry. The number of new homes…
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House Prices Back to Pre-Pandemic Levels But Experts Predict Future Growth
The UK housing market has shrunk back to the same size it was before the pandemic, according to new data from Savills. The total value of the UK housing market is now £342 billion, after a 21% drop in the year to March 2024. This contraction is largely due to fewer people buying and selling…
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London Flat or Northern Mansion? What Your Money Buys You Around The UK
The average UK house price is a whopping £340,837, but what does that actually get you? A pokey flat or a sprawling mansion? Well, it all depends where you lay your hat (or should that be bricks and mortar?) Savills estate agents have crunched the numbers, comparing house prices with square footage, and the results…
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House Prices – Where Your Cash Buys You The Most Space
Ever wondered how much house you could actually get for your hard-earned cash? Well, a new study from Savills has revealed how far your money will go across the UK. Turns out, that average house price of £340,837 can get you a whole lot more space in some parts of the country than others. Big…
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Escape to the Country? You’ll Pay a Big Price!
Want to live in one of Britain’s stunning national parks or scenic areas? You’d better be ready to dig deep into your pockets! New research from Savills has revealed that buyers are splashing out an average of 48% more to live in these beautiful protected green spaces. That’s a hefty price tag for the privilege of breathing…
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Don’t Expect Prices To Soar – Experts Say Rate Cuts Needed For Housing Boom
House prices are stuck in a holding pattern, with experts saying we need to see some serious cuts to mortgage rates before things really start to take off. It’s all about the money, folks, and the Bank of England’s recent decision to keep interest rates steady is keeping a lid on things. The good news…