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The Latest Breaking News from Savills

Baby Boomers hold more than half of the UK’s housing wealth

Savills also estimates the demographic still has around £60bn in outstanding mortgage borrowing

The Independent UK

Baby boomers are ‘sitting on £2.89 trillion of net housing wealth’

Millennials and Gen-Z have had ‘less opportunity to work their way up the housing ladder profitably’

Evening Standard

Homes with benefits: visas and low living costs are on offer in these overseas spots

These overseas destinations offer some serious benefits for home buyers

Evening Standard

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Hot London postcodes: five in-demand areas beating the sales slowdown

Demand to live in these five areas has soared, despite economic turbulence and London’s ongoing affordability crisis

Evening Standard

These are the 6 prettiest country cottages within one hour of London

Whether you’re abandoning ship entirely, or simply looking for a weekend bolthole to escape to, these pretty cottages little more than 60 minutes from London offer the best of both worlds

Evening Standard

Bond Street prime retail rents overtake Milan's to become highest in Europe

Globally the elite Mayfair address moved from fourth to third place behind only New York’s Fifth Avenue and Madison Avenue

Evening Standard

London's housing crisis is harming generations — so how could we fix it?

A £2bn funding boost for new homes in England was announced this week ahead of today’s spring statement but the housing market’s problems run deep. Here’s an overview of where we are and how we got there

Evening Standard

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Record £217bn spent by UK households on housing costs in 2024, study suggests

Housing costs were estimated by Savills to have been £8.6 billion higher last year than a previous peak in 2016, when adjusted for inflation.

The Independent UK

UK households spent a record £217 billion on housing costs in 2024

Housing costs were estimated by Savills to have been £8.6 billion higher last year than a previous peak in 2016

Evening Standard

Buyers’ property market looms in UK amid record numbers of homes for sale

Decade-high level despite rush to beat stamp duty deadline will push sellers to restrict price rises, says Rightmove

The Guardian - UK

Strong London demand help drive Savills' UK revenue above £1 billion for first time

Rents in the City of London surged on the back of strong interest from occupiers

Evening Standard

London property millionaire numbers hit record high as city living regains appeal

Half of the capital’s £1 million plus homes are concentrated in just three boroughs

Evening Standard

Here’s how many British homes are now valued at £1 million-plus

The North East of England saw the biggest rise in property millionaires outside of London

The Independent UK

One in every 42 homes in Britain ‘is now valued at £1 million-plus’

The number of million pound homes in London has reached a record high, according to calculations by Savills.

Evening Standard

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Evening Standard

Short-term lets 'hollowing out' London as one in 32 homes used for holiday stays

Analysis by estate agents Savills found that there were 117,000 homes listed for short-term let across London last year

Evening Standard

Almost one London home in thirty is now a short term let finds new survey

New study finds there are now 117,000 homes listed for short-term let across London

Evening Standard

Value of London's housing stock approaches record £2 trillion

For the UK as as whole the total value now stands at £9.1 trillion , or 3.5 times the annual GDP of the UK

Evening Standard

Oxford Street recovery complete as vacancy rate falls to lowest since 2019

The vacancy rate could fall below 1% next year as demand remains strong says Savills

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The Independent UK

‘Much-needed confidence boost’ for home buyers as mortgage rates fall

The typical borrower on a tracker deal will see their monthly payments decrease by £28.98 following Thursday’s base rate cut.

The Independent UK

Where will house prices rise the most in 2025?

Growth rates differ across different areas of the country - but also depending on forecasts of economic factors

Evening Standard

The best countries to move to: will you choose Dubai, Canada or Portugal to start your expat life?

As Spain threatens UK buyers with a new 100 per cent property tax, we consider where else potential London expats should look for visa opportunities, year-round sunshine, cheap property and job opportunities

Evening Standard

Renting in London: the cheapest boroughs for tenants in 2025

London rent is straining budgets, with outer boroughs offering more affordable options as central rents rise, predicts Savills and Hamptons.

The Guardian - UK

UK debt market sell-off threatens to push up mortgage costs

Almost 700,000 homeowners face increase when fixed-rate deals end this year

Evening Standard

London first-time buyers: is 2025 your year to buy a home?

This could be your best chance to buy a London home in more than a decade — here’s where to look

The Independent UK

Why property experts are predicting 2025 will be a ‘buyer’s market’ with sales boom

First-time buyer activity could be ‘front-loaded’ in 2025 and increasing numbers of mortgaged owner-occupiers may return to the market, experts said.

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