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The Latest Breaking News from Savills

Consumer credit borrowing increases at fastest annual rate in five years

The annual growth rate for consumer credit was 8.6% in November, the highest rate since September 2018, according to the Bank of England.

The Independent UK

Britain’s housing market may be ‘past peak pain’ but what will 2024 bring?

Second year of falling prices expected though recovery is likely in the second half as interest rates come down

The Guardian - UK

Living in London: essential advice for first-time buyers, renters and homeowners in 2024

Will house prices go up or down? What next for mortgage rates? Where are the best value neighbourhoods now? Your home-buying questions answered

Evening Standard

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read the most diverse news in one place.

London leaver heaven: three commuter hotspots for 2024

Some places outside the capital are set to become faster to reach than many journeys within London with journey times as low as 49 minutes

Evening Standard

Squeeze on home buyers’ budgets set to continue into 2024, say experts

But potential cuts to interest rates, as well as lower house prices in some locations, could provide house hunters with new opportunities.

The Independent UK

In demand: How Oxford Street started to get its groove back in 2023

Long known as one of Europe's busiest retail destinations, Oxford Street has traditionally been a magnet for fashion fans, tourists and office workers. But in recent years, the street that stretches for more than a mile in length has faced a wave of challenges, from the pandemic seriously denting footfall,…

Evening Standard

Prime London property: house prices in most expensive areas close to bottoming out

House prices in London’s most expensive areas could be close to rock bottom and set to rise again after a turbulent year.

Evening Standard

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Abandoned 1950s water tower in Cambridgeshire goes up for auction for £350k

Perry Water Tower has already gone under the hammer once this year

Evening Standard

London house prices more than double in 20 years since release of Love Actually

Estate agent Savills has carried out analysis to see how average house prices have changed in areas of London where the Christmas classic was set.

The Independent UK

Inside London's best church conversions for sale, where stained glass comes as standard

Blessed with high ceilings, stained glass windows and sweeping columns, London’s old chapels make unorthodox homes

Evening Standard

What does the latest Bank of England base rate decision mean for households?

With the base rate holding steady, here is a look at what it means for savers and borrowers.

The Independent UK

London's most expensive house sales of 2023: from Tim Burton's glass house to Rihanna's former rental

Interest rates and energy bills weren’t a worry for the ultra-wealthy buyers who snapped up some of London’s most lavish homes this year

Evening Standard

Set of artists’ studios in Fulham on sale for the first time in over 60 years for £1.5million

St Oswald's Studios were created in 1912 and haven't been on the market since the Fifties

Evening Standard

Average rent in Great Britain up by more than a quarter since start of Covid

Rise due to shortage of properties has been worsened by soaring interest rates, Savills finds

The Guardian - UK

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Evening Standard

London rent rises: rents are up 31% in two years, how much higher can they go?

Rents will keep on rising, predicts Savills, but London has already hit its ‘affordability ceiling’

Evening Standard

Waterside property featured in Midsomer Murders and 101 Dalmatians on sale for £3.5 million

The wood panelling in the Baronial hall was re-used from the House of Lords, which was being refurbished at the time

Evening Standard

Victorian boathouse in Teddington for sale for the first time in 24 years

Aldous Boathouse, on the banks of the Thames in Teddington, was built in 1874 and restored in 1999

Evening Standard

These homes for sale overlook some of London's best-loved landmarks – and start at £438k

Be a tourist from home with a property overlooking some of London's best sites, from historic heavyweights to cherished theatres and music venues

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news in one place.

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Evening Standard

As Selfridges updates on ownership, new forecast shows retailer appetite for Oxford Street looks solid

Momentum on Oxford Street has been given a boost with a forecast anticipating that empty store numbers will fall over the next year, and a new majority ownership update for long-term occupier Selfridges.

The Independent UK

UK sees rent rise at a record rate. These areas have been hit the hardest

The average UK house price fell by 0.1% in the 12 months to September 2023, according to the Office for National Statistics

The Independent UK

Record rise in rents as house prices fall annually for first time in a decade

The average UK house price fell by 0.1% in the 12 months to September 2023, according to the Office for National Statistics.

The Guardian - UK

Bank of England chief says ‘too early’ to talk about interest rate cuts; M&S surprises with profit jump – as it happened

Andrew Bailey warns against protectionism, saying fragmentation damages economy and financial markets; M&S retakes crown of UK womenswear leader

The Guardian - UK

UK housing market is past its ‘peak pain’, declares Savills

Upmarket estate agent says prices will start to bottom out in 2024 as interest rates fall and will return to growth in 2025

The Independent UK

Average house price predicted to be £45,000 higher by 2028

The expectation of a gradual reduction in interest rates suggests a progressive restoration of buying power and recovery in demand, Savills said.

Evening Standard

Five-year house price forecast: how much could your London house be worth by 2028?

An average house in London could be worth over £70k more in five years time, but prices have further to fall first says Savills

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