Tag: Savills
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Bag a Property Bargain at December Auctions!
As the festive season rolls in, the property market usually quiets down from the second week of December. Most are focused on the holidays, leaving room for keen buyers to snag a bargain. While the open market offers some opportunities, property auctions during this time could be an even more lucrative avenue for those seeking…
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HMRC Targets Tax Shortfalls in Buy-to-Let Companies
HM Revenue and Customs (HMRC), the UK’s tax authority, is cracking down on buy-to-let landlords. These landlords, who have turned to company structures to mitigate increasing tax burdens, are now in the spotlight for potential underpayment of capital gains tax. A Nudge from HMRC HMRC has begun sending advisory letters to landlords who have incorporated…
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Rent Squeeze Could Force Landlords to Sell
Key points – The UK rental market has experienced a significant surge, with record-breaking growth in residential rental prices. However, this pace is set to dramatically slow down from 2025. Estate agency giant Savills has forecasted that by 2023, rents will have risen by a staggering 9.5%, followed by a 6% increase in 2024. But…
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UK Housing Minister Champions Build To Rent Initiative
Key points – Housing Minister Lee Rowley has publicly endorsed Build To Rent (BTR) schemes. This support was voiced at the first-ever Build To Rent Innovators conference, an event jointly organised by the National House Building Council and the British Property Federation. A Strong Advocate for BTR Lee Rowley, the newly appointed housing minister, took…
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2024 A Better Year for Commercial Property
Key points – 2024 is shaping up to be a year of renewed vigor and promising opportunities, according to the latest report from Savills World Research. Let’s break down what this means for investors, home-seekers, and the everyday person interested in the property market. A Positive Turn for Real Estate Investment Researchers from around the…
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The Enduring Charm of Georgian Houses, a British Favorite
Key points – In the UK, the Georgian era, spanning from 1714 to 1837, represents a time of peace, prosperity, and architectural innovation. This period, often referred to as the “long century” due to its duration, saw the rise of elegant, symmetrical homes that continue to captivate buyers today. According to research by Savills for…
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2023 House Price Hotspots Defying the Downturn
The UK housing market in 2023 presents a complex picture, with a general downturn in prices but notable exceptions in certain areas. The past year has seen a significant decrease in average house values, a trend expected to continue into 2024. This dip in prices is primarily due to soaring mortgage costs, impacting both homeowners…
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Buy-to-Let Rent Trends and Investment Viability
In recent years, buy-to-let landlords have faced a slew of challenges: increased stamp duty charges, a slowdown in house price growth, and limitations on mortgage interest relief. These factors have significantly altered the investment landscape. A crucial point of concern has been climbing buy-to-let mortgage rates, which have squeezed the profitability of rental portfolios. This…
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Savills Auctions Smashes Records with £100M Sales in November
November has been a landmark month for Savills Auctions, an auctioneer in the property market. They have achieved an unprecedented milestone by selling over £100M worth of property. This figure not only sets a record for the highest monthly sales but also indicates a remarkable 70% increase compared to the same period last year. Such…
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Rapid Growth of the UK’s Competitive Socialising Sector
The UK’s competitive socialising sector has witnessed remarkable growth over the past five years, becoming a significant trend in the leisure industry. Recent research by Savills, a leading international real estate advisor, highlights the dynamics of this sector’s growth and its implications for property investors. Understanding Competitive Socialising Competitive socialising combines leisure activities with a…