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The Latest Breaking News from Savills

Home repossessions skyrocket as cost of living crisis deepens

Repossessions increased compared with the previous quarter for both homeowner and buy-to-let mortgaged properties, figures show

The Independent UK

Home repossessions skyrocket as cost of living crisis deepens, report reveals

Repossessions increased compared with the previous quarter for both homeowner and buy-to-let mortgaged properties

The Independent UK

Home repossessions jump 15 per cent in third quarter of 2022

Repossessions increased compared with the previous quarter for both homeowner and buy-to-let mortgaged properties.

Evening Standard

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House prices: Should I sell my home before property values plunge?

Prices are set to drop by 10 per cent next near, some estate agents warn as Bank set to hike rate again

The Independent UK

Five star Edinburgh hotel sold off £7.5 million guide price

Seller Savills states that the capital's hotel market remains buoyant, with £25m worth of sales so far this year

Insider UK

See how much house prices could drop where you live - full list of areas

House prices could fall by 10% next year, according to experts at estate agents Savills — but how much property values will fall all depends on which region of the UK you live in

Daily Mirror

The Standard View: Higher interest rates, spending cuts and tax rises leave the economy on the brink

When it rains, it pours. Estate agent Savills predicts that the mainstream London housing market will suffer the most acute fall in prices out of all regions in 2023. That’s despite properties in the city enjoying the more modest end of price growth since the pandemic.

Evening Standard

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London to be hit hardest by house price fall — and prices will still be lower in five years

Bleak warning of 12.5 per cent slump for homeowners ahead of interest rate rise from Bank

Evening Standard

House prices across UK expected to fall 10% next year

First-time buyers and buy-to-let investors will bear the brunt of increased affordability issue

Wales Online

House prices predicted to fall by 10% next year

The prime housing market is expected to outperform mainstream house price growth, due to a lower reliance on borrowing by prime buyers, Savills said.

The Independent UK

With the Autumn Statement due on November 17 what’s next for London’s ‘nightmare’ property market?

Will the recent downturn in the London market develop into something more serious, or can the new Government restore some stability for homeowners and hopeful buyers?

Evening Standard

Dublin jobs: Tessuti to open first Irish store in Dublin's Jervis Shopping Centre

Set to open in early 2023, Tessuti is a fast-growing retailer of high-end clothing, footwear, and accessories across menswear, womenswear, and childrenswear

Dublin Live

London homes over £10 million, from historic houses to gleaming contemporary builds

A stumbling pound is likely to spell renewed interest for the luxury market from overseas buyers

Evening Standard

London renting crisis: Rents rise to unprecedented levels while demand soars

Rents are rising fastest in the north-west and least in the south-west of the capital

Evening Standard

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The Guardian - UK

Housing market expected to benefit as Hunt rips up mini-budget

Savills says move is ‘best feasible outcome’, but some experts say risk remains of ‘significant’ house price falls

Wales Online

The £1m Gothic home for sale in the shadow of Llandaff Cathedral

The perfect renovation project is being sold by the representative body of the Church in Wales

Birmingham Post

What are investment zones and will they boost the UK economy

Nick Bennett of Savills says while there will be legitimate concerns over displacement UK-wide zones could provide a significant boost to investment and job creation

Manchester Evening News

Stunning £30m Cheshire estate is up for sale for the first time in its 700 year history

Adlington Hall has been home to the same family for the last 700 years

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Birmingham Post

UK boss of Savills Richard Rees on the return to the office and creating a new WDA like body

Welshman Richard Rees says planning and nimbyism at the heart of the failure to deliver new homes to meet demand

Evening Standard

Are London house prices about to crash? Warnings of ‘year of pain’ amid rising interest rates and inflation

The property market faces a ‘year of pain’, with a new two-year forecast estimating a 10 per cent drop for house prices. But how low will they really go?

Dublin Live

Housing crisis Ireland: Just four homes built per 1,000 people in Dublin last year

Experts have slammed the National Planning Framework (NPF) saying it will 'strangle Dublin's housing supply'

Evening Standard

Downsizing homes: new-build retirement properties across London and the South East

Retirement properties that are safe, future-proofed and come with luxurious amenities.

Bristol Post

Wetherspoon pub on Bristol border up for sale leaves customers 'gutted'

It's one of 32 Wetherspoon pubs being sold

The Independent UK

Full list of Wetherspoons closing as 32 pubs put up for sale

Pub chain warns it could lose £30m due to rising staff wages and repairs

Insider UK

Glasgow's growing tech sector 'needs expansion support'

Another new report confirm's the nation's tech sector needs better infrastructure to continue upward trajectory

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