Tag: Savills
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High-End Home Sales in London Remain Strong Despite Slump
London’s luxury property market for homes priced above £5 million has seen a slowdown compared to last year’s numbers, yet the market still shows robust activity, significantly higher than figures seen before the pandemic. According to the latest data from property experts at Savills, while there’s a noticeable decline in transactions from the heights of…
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A Slow Start – UK Build to Rent Market in 2024
The UK Build to Rent (BtR) sector has experienced a rather slow start to 2024. Investment in BtR developments has decreased, with just 10 deals completing in the first quarter, accumulating to a value of £555 million. This marks the slowest first quarter since 2014, according to the latest report from Savill’s, a stark contrast…
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UK Commercial Property Investments Rise in Early 2024
In the first three months of 2024, commercial property investments in the UK rose to £8 billion, as reported by Savills in their latest “Market in Minutes” publication. This impressive figure not only marks a robust start to the year but also sets the stage for a potential 12% increase over the total investments of…
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Will Your Mortgage Eat Up Your Home’s Value Growth?
When it comes to buying a home, many see it as a solid investment, anticipating that property values will inevitably rise over time. This long-standing belief in the upward trajectory of house prices motivates countless individuals to jump onto the property ladder. However, while the focus is often on potential price increases, the cost of…
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Is the UK Property Market Ripe for Buyers?
The UK property market has faced its share of turbulence over the past 18 months, rocked by rising mortgage rates and a significant decrease in home transactions. However, as we step into 2024, experts are signalling that it might just be the perfect time to buy a house. Here’s why the tide is turning and…
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Welsh Home Prices on the Rise
The housing market in Wales has shown signs of revitalisation recently. As mortgage rates begin to soften, a surge in property demand has nudged prices closer to their previous peaks, giving an optimistic picture for the region’s property market. After a period of relative stagnation, the Welsh housing market is witnessing a rise. According to…
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Election Fever Can’t Slow Down Prime Property Plans
Savills’ extensive survey of 1,200 individuals looking to buy or sell in the upscale housing segment presents an interesting narrative. An overwhelming 79% of respondents are sticking to their guns, with their plans to move remaining steadfast despite the looming general election. Even more intriguing is the 13% who are doubling down on their determination…
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Back on the Commute – Rental Prices Soar in Key UK Cities
Tenants across the UK are now valuing their commute to work more than ever, causing rents in popular commuting cities like Birmingham, Chester, Cobham, and Weybridge to rise. This trend is based on the latest findings from property giant Savills, which highlight how the return to office work is reshaping the rental market. During the…
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Steady As She Goes – Prime Rental Market Sees Growth Slow
There’s been a slight rise in rental values in the UK’s prime markets, with London itself witnessing a modest 0.3% increase over the first quarter of 2024. This signals a gentle return to the seasonal rhythms of the property market after a long period of bullish growth. Over the past year, the pace of this…
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Rising Rents and the Bold Move by PRS Reit
Unlike the typical landlord who purchases existing properties to rent out, PRS Reit takes a novel approach by securing homes directly from housebuilders before the first brick is laid. This strategy not only fuels the construction of new rental homes but also serves as a lifeline for housebuilders, especially when high interest rates deter private…