Tag: Savills
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New Real Estate Opportunities with the Rise of Electric Vehicles
The surge in demand for electric vehicles (EVs) across Europe is not just transforming the automotive industry; it’s also opening up novel opportunities for real estate landlords and investors. This trend is particularly pronounced in Germany, France, Sweden, Norway, and the UK, which are at the forefront of this shift. The Growing Need for EV…
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ONS Reports Dip in UK House Prices
The UK property market has recently experienced a noteworthy shift, with house prices witnessing their first annual fall since April 2012, according to the latest data from the Office for National Statistics (ONS). House prices fell by 0.1% in the 12 months leading up to September. This slight decrease marks a significant change from the…
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Inconsistencies in London Build to Rent
In recent years, the Build To Rent (BTR) sector in London has become a significant aspect of the city’s property market. However, a new report by national consultants Lichfields has raised concerns about the challenges and inconsistencies faced by this sector due to varying local council policies in London. Understanding Build To Rent (BTR) Before…
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Landlords Continue Retreat from Buy-to-Let Market
The current year has seen a continued trend of property sell-offs by landlords across Great Britain, especially notable in Scotland. The property website Rightmove highlights that new seller asking prices have declined by 1.7%, a decrease of £6,088, settling at an average of £362,143. According to Hamptons, an upmarket estate agency, landlords are on track…
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Rightmove Reports £6k House Price Fall
According to Rightmove, asking prices for newly-listed homes have decreased by 1.7% this month. This reduction represents a significant average fall of £6,088 in November compared to October, marking the most considerable drop for this month since 2018. Seasonal Trends and Market Adjustments It’s typical for asking prices to decline around this time of year.…
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London Boroughs Where House Prices Rose Most Since 2009
From 2009 to 2023, nearly every London borough experienced a doubling in average house prices. This remarkable growth is exemplified by the north-east London borough, where the average house price soared from £196,354 in June 2009 to £501,675 in August 2023, according to analysis by The Standard. Waltham Forest: A Notable Example Waltham Forest, encompassing…
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Build-to-Rent Boom: Opportunities Beyond Major Cities
The UK’s build-to-rent (BTR) sector is not just surviving but thriving, showing an impressive 11% year-on-year growth as of the end of Q3 2023. According to recent research by The British Property Federation (BPF), in partnership with Savills, the total count of BTR homes either completed or in the pipeline has escalated to a notable…
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Build to Rent Boom: Insights from Q3 2023
The third quarter of 2023 has seen a significant surge in Build to Rent (BtR) activity, indicating a robust and dynamic sector despite broader economic challenges. Recent research by Savills highlights that the BtR market witnessed 18 noteworthy transactions in Q3 2023, culminating in an impressive investment volume of £448 million. This activity underscores the…
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UK Housing Market Sees Light at the End of the Tunnel, Savills Reports
The UK housing market has been through a whirlwind of changes and challenges over the past few years. However, according to Savills, a leading estate agency, there is a glimmer of hope on the horizon for homebuyers and investors. A Glimpse into the Future: Savills’ Five-Year Outlook Savills has shared its five-year outlook for the…
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Uncovering the Robust World of UK Property Services Shares
The property market can be a roller coaster of ups and downs, yet there’s a sector that often gets overlooked despite its significant influence and unique resilience: the real estate services sector. Investors Chronicle looked into the UK’s £23.4 billion-worth property services industry to see why it’s a sector worth watching, especially if you’re thinking…