Tag: Savills
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London Commercial Property – Is Now the Time to Buy?
Forget the doom and gloom, savvy investors are eyeing up a property rebound in London! While the global property market took a hit in 2022 and 2023, with big deals drying up, some experts reckon it’s time to get back in the game. The Big Freeze – What Happened? High interest rates, like a cold…
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UK Property Market Sees Renewed Optimism – Savills
The UK property market is beginning to see a glimmer of hope as sentiments among lenders and investors improve, according to the latest findings from global real estate services provider, Savills. At their 36th Financing Property presentation, insights revealed a marked increase in confidence from the previous year, especially in key sectors such as residential…
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Dubai Dreaming – A UK National’s Guide to Buying Property in the UAE
Dubai’s property market is buzzing, drawing British buyers with its no-tax perks and year-round sunshine. But what does it really take to buy a home in this bustling desert metropolis? A new guide in The Telegraph looks into everything from choosing the right broker to navigating financial requirements, helping you make informed decisions. Dubai isn’t…
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London Property Market Springs into Action
As we tentatively step into summer, albeit with unpredictable weather, London’s property market is showing promising signs of revival after a sluggish start to the year. The early months of 2024 may have dampened spirits with persistent rain and subdued market sentiment, but things are looking up. Speaking to The Telegraph, Peter Wetherell of Wetherell…
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Buying a Home with Friends or Family
Snagging a house is tougher than ever. High interest rates and rising house prices make solo purchases a distant dream for many. But in today’s Telegraph Phil Spencer, a property guru, suggests a compelling alternative: why not buy a home with friends or family? The aftermath of the global financial crash has left us with…
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Scottish Office Stocks a Golden Opportunity for Investors?
In recent times, the commercial investment market has seen its fair share of ups and downs, heavily influenced by various macro-economic factors. This trend has been particularly notable in the office sector, which witnessed a significant drop in transaction volumes last year due to a lack of confidence among investors and an uncertain economic environment.…
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House Prices to Climb – Savills Predicts Rise After Prior Decline Expectations
Property giant Savills now projects an increase in UK house prices this year, marking a significant reversal from their earlier prediction. Initially, Savills expected a 3% drop in the average price of a home due to increased mortgage rates instigated by hikes in the Bank of England base rate. These rate hikes had previously intensified…
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UK House Prices Edge Up Despite Mortgage Rate Woes – Halifax
UK house prices have ticked up slightly in April, according to the latest data from Halifax’s monthly House Price Index. Despite ongoing challenges with high mortgage rates, the average price of a home in the UK nudged up by 0.1% compared to March, reaching £288,949 from the previous month’s £288,781. This small increase follows a…
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Housing Hurdles – England’s New Home Targets in Jeopardy
The future of new housing developments in England is looking grim as forecasts suggest that the number of new homes could plummet to nearly half of the government’s official target. This comes at a critical time as the nation approaches a general election where housing is poised to be a central issue. For the past…
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Grosvenor Gambles on Flexible Workspaces for a Modern Work Era
Grosvenor, the prestigious property group owned by the Duke of Westminster, is placing a significant wager on the future of work with a strategic shift towards flexible workspaces. This move aims to cater to the evolving needs of West End office tenants who are increasingly leaning towards post-Covid hybrid work models. The plan involves expanding…