Tag: Savills
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UK Build to Rent had £4.5 Billion Investment in 2023
The UK’s Build to Rent (BTR) market has recorded its second highest year of investment in 2023, amassing a whopping £4.5 billion. This figure, hot on the heels of the 2022 record of £4.6 billion, showcases a robust and expanding sector. What’s even more striking is the remarkable surge in Single Family Housing (SFH) investments,…
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2024 House Prices Set for a Slight Dip
Estate agency, Savills, suggests that while UK house prices are predicted to fall by an average of 3% in 2024, there’s a silver lining for prospective homebuyers. As we edged closer to Christmas, it became evident to housing market analysts that mortgage affordability was taking a toll on house prices. Savills now forecasts this trend…
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Farmland – More Land, More Sales, and Growing Values
2023 marked a shift in the British farmland market. The supply of farmland available for public purchase grew by 20% compared to the previous year. This increase brought the total acreage on the market to 157,200 acres. While this figure surpassed the five-year average by 15%, it remained slightly below the average of 162,000 acres…
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The State of London’s High-End Market in 2023
In 2023, London’s residential market for properties valued over £5 million experienced a slowdown. Despite this, sales remained significantly higher than the average seen before the pandemic hit. A comprehensive market analysis by Savills revealed that there were 526 sales of both new builds and second-hand properties in this price bracket during the year. Although…
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Inflation Rise Hits UK Housing Market – Prices Set to Drop
The UK’s housing market is bracing for impact as inflation rates continue to rise, defying earlier expectations. Experts from Propertymark, a leading property trade body, have warned that a decrease in house prices is now inevitable. The statement from Propertymark suggests that the persistent high inflation is a major player in the imminent drop in…
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£250 Billion Boost Needed for UK’s Rental Homes
Savills, a leading estate agency, has issued a stark warning about the UK’s rental housing situation. They estimate that an eye-watering £250 billion investment is necessary over the next seven years to meet the escalating demand for rental homes. This hefty sum is required to address the widening gap between the number of available rental…
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Scottish Commercial Property’s Roller Coaster Ride in 2023
2023 proved to be a challenging year for Scottish commercial property investments. The total investment in this sector dropped significantly to £1.49 billion, marking a 34% decrease from the previous year. This downturn reflects the ongoing economic uncertainty impacting global and local markets. However, it wasn’t all doom and gloom. The year showed a stark…
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Build to Rent Sector Thrives Despite Housing Market Challenges
The UK’s housing market has been going through some tough times, but there’s one sector that’s not just surviving, but thriving – the Single Family Housing Build to Rent (SFH BTR) sector. Let’s dive into why this part of the housing market is outshining the rest, even in these challenging times. Paul Staley, the managing…
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Bristol’s House Price Renaissance
In 2023, while the UK grappled with a slump in house sales, largely due to rising interest rates and persistent inflation, Bristol emerged as an outlier. The city experienced a surge in property interest, particularly in the BS10 area where a Victorian two-bedroom home received four offers at £345,000. This unexpected buoyancy is attributed to…
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Commercial Market Outlook – Savills Forecasts Strong Returns in 2024
The UK commercial property market is showing promising signs for 2024, with Savills, a global real estate advisor, forecasting significant returns across various sectors. Here’s a breakdown of what potential investors and stakeholders can expect in the coming year. Booming Sectors – Where to Invest? Savills predicts that eight different real estate asset classes will…