The UK housing market has returned to its pre-pandemic size, Savills claims. Research by the agency brand suggests the total value of...
Archive
![Interest rate cuts more important for housing than election - claim](/upload/images/shutterstock_2355420851.jpg)
Affordability is a bigger factor for buyers than the confirmed General Election, Savills claims. Prime Minister Rishi Sunak has set a date...
24 May 2024
From: Breaking News
![Interest rates held but agents pin hopes on falling mortgage pricing](/upload/images/shutterstock_2190018029.jpg)
Agents remain typically optimistic about the property market after interest rates were been held at their 16-year high of 5.25% by...
10 May 2024
From: Breaking News
![Savills makes drastic U-turn on housing market forecast for 2024](/upload/images/shutterstock_2371809077.jpg)
Savills has today upgraded its five-year UK mainstream house price forecast to reflect the stronger than expected start to the year...
07 May 2024
From: Breaking News
![Buyer confidence hits two-year high despite General Election - research](/upload/images/shutterstock_657910717.jpg)
The majority of buyers and sellers in the prime housing market will not be deterred by the upcoming General Election, according...
05 April 2024
From: Breaking News
![Savills: PCL prices have stopped falling](/upload/images/shutterstock_1230968284.jpg)
Prime central London (PCL) property values flattened out during the first quarter of 2024 after six consecutive quarterly falls, figures suggest. Analysts...
02 April 2024
From: Breaking News
![Property Natter - Business as usual with the new normal....if the price is right](/upload/images/Property%20Natter.jpg)
I was chatting to a genuine city gent the other day (someone who has enjoyed a career in suits, ties, shares...
02 March 2024
From: Features
![Revealed! The areas where downsizers could earn the most (and free-up housing stock)](/upload/images/shutterstock_1274515549.jpg)
Downsizers across England and Wales could unlock an average £305,090 by moving from a four bed to a two-bed home, according...
22 February 2024
From: Breaking News
![UK housing stock value dips for first time since 2012](/upload/images/shutterstock_227143492.jpg)
The total value of all homes across the UK has dropped for the first time since 2012. Research by Savills shows the...
14 February 2024
From: Breaking News
![Savills: UK housing costs hit record high of £200bn](/upload/images/Shutterstock-only%20images/Property%20Market/MortgageRatesIncrease_400x310.png)
UK housing costs hit £200bn for the first time in 2023, according to the latest research by Savills. The analysis of private...
08 February 2024
From: Breaking News
![Number of property millionaires has dropped from pandemic peak – claim](/upload/images/Shutterstock-only%20images/Property%20Market/HousePriceDrop-400x310.png)
The total number of property millionaires fell last year as the ‘race for space’ reversed, research suggests. Analysis by Savills has revealed...
23 January 2024
From: Breaking News
![Housing market is past ‘peak pain’ - Savills](/upload/images/Shutterstock-only%20images/Property%20Market/Housing_Market-400x310.png)
The UK’s housing market is past ‘peak pain’ and looks set to bottom out in mid-2024, according to Savills. The agency giant’s...
08 November 2023
From: Breaking News
![Interest rates unchanged but it’s not the end for house price drops](/upload/images/Shutterstock-only%20images/Property%20Market/MortgageCalculator.png)
The Bank of England has held off on further interest rate rises for now but agents warn that there is still...
22 September 2023
From: Breaking News
![‘Welcome news’ for buyers as inflation rate drops](/upload/images/Shutterstock-only%20images/Property%20Market/MortgageRatesdecrease_400x310.png)
The rate of inflation slowed from 6.8% to 6.7% in August, providing hope for homebuyers when it comes to high mortgage...
21 September 2023
From: Breaking News
![Mortgage approvals bounce back but home loan rates rise](/upload/images/Shutterstock-only%20images/Property%20Market/MortgageCalculated1_400x310.png)
Mortgage approvals bounced back in March but buyers are borrowing less at higher rates. The latest Bank of England data has showed...
05 May 2023
From: Breaking News
![Over-65s’ housing wealth hits record high as generational property divide grows](/upload/images/Shutterstock-only%20images/Rental%20Market/Over55Tenant-400x310.png)
The amount of housing wealth owned by the older generation has reached a record level, new figures show. The data, from agency...
02 May 2023
From: Breaking News
!['Unhelpful' interest rate rise hits the housing market](/upload/images/Shutterstock-only%20images/Property%20Market/BankofEngland_2-400x310.png)
Estate agents have expressed hope that the latest interest rate rise is the last after the Bank of England increased the...
24 March 2023
From: Breaking News
27 February 2023
From: Breaking News
![HMRC: Property sales are falling](/upload/images/Shutterstock-only%20images/Property%20Market/DemandDown-400x310.jpg)
The level of property sales in the UK is declining, HMRC has suggested, after it revealed that transactions dipped for the...
22 February 2023
From: Breaking News
![‘Race for space’ has created more property millionaires - claim](/upload/images/Shutterstock-only%20images/Property%20Market/HousePriceRising_400x310.png)
The number of property millionaires in Great Britain has “shot up,” with one in 40 homes now valued at £1m or...
09 February 2023
From: Breaking News
![Mortgage approvals hit 19-month low](/upload/images/Shutterstock-only%20images/Property%20Market/MortgageApplication_400x310.png)
Lenders approved the lowest number of mortgages since May 2020 in December. The latest Bank of England data shows mortgage approvals for...
01 February 2023
From: Breaking News
![Major agent predicts 10% house price decline next year](/upload/images/Shutterstock-only%20images/Property%20Market/DemandDown-400x310.jpg)
House prices could fall by 10% next year as higher mortgage pricing and rising inflation dampen buyer budgets, Savills has warned. The agency...
04 November 2022
From: Breaking News
![Mortgage rush predicted as interest rates hit highest level since 2008](/upload/images/Housing%20Market%20%26%20Property%20Images/HousingMarket-3-400x310.jpg)
The Bank of England increased interest rates to their highest level since the financial crisis yesterday, prompting fears of higher cost...
23 September 2022
From: Breaking News
![Property sector calls for targeted stamp duty cuts](/upload/images/Housing%20Market%20%26%20Property%20Images/Stamp-Duty400x310.png)
Agents and other property professionals have, perhaps unsurprisingly, reacted positively to rumours of a Stamp Duty cut. Prime Minister Liz Truss and...
22 September 2022
From: Breaking News
![Savills calls for change in attitudes to downsizing](/upload/images/library/Savills-NEW-logo400x310.png)
Downsizing could become more attractive to older homeowners as the cost of living crisis intensifies, Savills claims. It comes as analysis by...
01 September 2022
From: Breaking News
![Homes with EV chargers will sell at a premium due to public shortage](/upload/images/Energy%20and%20Green%20Homes/ElectricCar-400x310.jpg)
Accessibility to charging facilities is becoming an increasingly important factor for home buyers in affluent neighbourhoods where electric vehicle adoption is...
14 June 2022
From: Breaking News
![Savills warns house price correction chatter is overstated](/upload/images/Logos/Savills-NEW-logo400x310.png)
House price growth is set to slow but talk of a correction is overstated, Savills claims. The latest house price forecasts from...
01 June 2022
From: Breaking News
![Agents remain positive despite sales slump](/upload/images/Housing%20Market%20%26%20Property%20Images/Millennial-BusinessWoman-Communication-400x310.jpg)
Property sales slumped in April but are still above the pre-pandemic average, HMRC data shows. Provisional UK property transaction figures from the...
25 May 2022
From: Breaking News
![Pandemic helps push up the number of half a million-pound hotspots](/upload/images/Locations/PrimeLondonHousesArc-400x310.jpg)
The number of areas where the average house sale price exceeded £500,000 has surpassed 15% of Great Britain for the first...
16 May 2022
From: Breaking News
![Buy a home for under £150,000? You’ll be lucky…](/upload/images/Housing%20Market%20%26%20Property%20Images/Homes-MaginifyingGlass-400x310.jpg)
The number of locations where average house prices still stand at below £150,000 has shrunk by 28 per cent in recent...
06 January 2022
From: Breaking News
![Stamp Duty could be changed to promote energy efficiency - top agency](/upload/images/Housing%20Market%20%26%20Property%20Images/StampDuty1-400x310.jpg)
A leading estate agency says the government may have to use stamp duty and council tax as incentives to persuade owners...
09 November 2021
From: Breaking News
![Recovery signs at last for Prime London prices](/upload/images/Housing%20Market%20%26%20Property%20Images/LondonRichHomes400x310.png)
Prices in prime central London have risen for the past two quarters, prompting a tentative claim that the market may be...
05 October 2021
From: Breaking News
![2021 price rises could unwind next year - but no major correction](/upload/images/Housing%20Market%20%26%20Property%20Images/HousingMarket-400x310.png)
One of the leading housing market analysts says some of the extreme house price rises seen this year could unwind during...
28 July 2021
From: Breaking News
![Transactions and prices to boom over next five years - forecast](/img/default/eat.png)
Transactions and house price forecasts for the mainstream housing market are being revised upwards by Savills following the Budget. The new predictions follow an...
09 March 2021
From: Breaking News
![Agents’ delight as stamp duty extension helps another 300,000 deals](/img/default/eat.png)
Much of the agency industry has reacted with delight at the extension of the stamp duty holiday deadline until June. Rightmove estimates...
25 February 2021
From: Breaking News
![Country houses are big winners from the pandemic, say agents](/img/default/eat.png)
The pandemic has reignited the flagging country house market and boosted demand for larger homes with gardens, claims Savills. Larger country houses...
30 December 2020
From: Breaking News
![Speed of conveyancers and lenders will decide short-term market - claim](/img/default/eat.png)
Savills says the shape and size of the housing market in the coming months will be determined by the capacity of conveyancers...
22 October 2020
From: Breaking News
![£1m-plus sales soar but will future buyers beat stamp duty deadline?](/img/default/eat.png)
Sales of £1m-plus homes have surged since lockdown as affluent buyers seek more space and lifestyle changes. An average of 868 £1m-plus...
20 October 2020
From: Breaking News
![Hundreds of thousands extra sales thanks to SDLT holiday - claim](/img/default/eat.png)
Savills has boosted its forecast for housing transactions this year because the stamp duty holiday has been such a success at...
01 October 2020
From: Breaking News
![Prime house prices to fall across Britain despite mainstream market surge](/img/default/eat.png)
In the week the Nationwide recorded the UK’s highest ever average house price, high-end agency Savills has forecast that prime markets...
04 September 2020
From: Breaking News
![Prime central London prices to fall this year despite recent boost](/img/default/eat.png)
Savills has revised its market forecast for the enclaves of prime central London and now says prices will fall by 2.0...
10 July 2020
From: Breaking News
![2,000 vendors and buyers kept in touch via agency’s mass webinars](/img/default/eat.png)
Savills has kept in touch with almost 2,000 of its vendors and prospective buyers through two mass webinars. Entitled ‘What COVID-19 means...
28 April 2020
From: Breaking News
![Brexit blues mean it's becoming a buyer's market, warns Rightmove](/img/default/eat.png)
The price of property coming to market fell by 0.2 per cent or an average of £656 in the past month...
15 July 2019
From: Breaking News
![Competitive bidding and sealed bids make ‘surprise return’ to Prime London](/img/default/eat.png)
The practices of competitive bidding and sealed bids have made a 'surprise return' to the Prime Central London (PCL) property market,...
05 July 2019
From: Breaking News
![Property Natter - events agents need to keep an eye out for](/img/default/eat.png)
With Easter now upon us (happy Easter, by the way, and hope you’re enjoying the long weekend, the Easter eggs and...
20 April 2019
From: Features
![Brexit, not stamp duty, is biggest problem for high-end sales market, says Savills](/img/default/eat.png)
Savills, which in the past has been restrained in its critique of Brexit’s effect on the housing market, now says that...
04 April 2019
From: Breaking News
![Huge house price falls bring super-rich back to central London](/img/default/eat.png)
High-end agency Savills says London’s super-rich are now buying and selling more actively than a year ago. The agency says London’s so-called...
25 January 2019
From: Breaking News
![Property Jobs Today - the latest moves in and out of our industry](/img/default/eat.png)
It’s not just the Cabinet and the government where jobs are in flux - there are plenty of moves to announce...
19 November 2018
From: Breaking News
![Market gloom from Savills: London, SE and Buy To Let downbeat for years](/img/default/eat.png)
Savills has issued its forecast for the housing market for the next five years, and while it highlights some bright spots...
02 November 2018
From: Breaking News
![Agency warns about effect of interest rate rise on household budgets](/img/default/eat.png)
A 1.0 per cent interest rate rise would add £930 a year to the cost of servicing the average mortgage, according...
27 February 2018
From: Breaking News
![Savills' gloomy market warning on sentiment, Brexit and interest rates](/img/default/eat.png)
Savills has given a pessimistic outlook for the mainstream housing market for the next five years. It says average house prices across...
03 November 2017
From: Breaking News
![Another fall in prime London prices as Savills downgrades forecast](/img/default/eat.png)
Prime London house prices are now 5.3 per cent lower than at the time of the EU referendum admits Savills, following...
29 June 2017
From: Breaking News
![More price cuts likely in prime London, agency warns sellers](/img/default/eat.png)
The snap General Election on June 8 adds to uncertainty but does not significantly worsen the market for prime properties in...
25 April 2017
From: Breaking News
![Savills talks of prime London sales 'boost' - but only after price falls](/img/default/eat.png)
Sales of homes in prime central London improved towards the end of 2016 says Savills - but only after prices were...
06 January 2017
From: Breaking News
![120,000 fewer sales next year thanks to Brexit uncertainty - Savills](/img/default/eat.png)
Savills is the latest estate agency to warn that economic uncertainty following the Brexit vote will trigger two years of low...
04 November 2016
From: Breaking News
![Savills warns of Brexit 'drag' on prices, transactions and mortgages](/img/default/eat.png)
The credit crunch may have been the economic backdrop against which much of the housing market performance of the past 10...
06 September 2016
From: Breaking News
![Brexit means fewer transactions as price growth 'slackens' says Savills](/img/default/eat.png)
One of the first major pieces of research to come from an estate agency following the EU referendum suggests the short-term...
14 July 2016
From: Breaking News
![North-South house price gap grows much bigger in 10 years](/img/default/eat.png)
New research shows that the north-south divide over house prices is not only continuing but is getting significantly worse. High-end agency Savills,...
22 February 2016
From: Breaking News
![Shock and anger from agents at extra 3% stamp duty on some homes](/img/default/eat.png)
There’s been shock and anger from agents - especially those in London - at the surprise news of an additional three...
26 November 2015
From: Breaking News
![Interest rates - no change until 2017 according to some commentators](/img/default/eat.png)
Economic and housing market commentators have interpreted the latest raft of Bank of England data as indicating that interest rates may...
06 November 2015
From: Breaking News
![High end agents still unhappy at stamp duty effect on prime central London](/img/default/eat.png)
Savills and Knight Frank say prime central London property values dipped slightly over the summer with stamp duty still being blamed...