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The Latest Breaking News from Savills

Plans to create key new employment sites across Mid Wales

Real estate firm Savills is expected to provide a shortlist of sites that could getting back from the £110m Mid Wales Growth Deal

Birmingham Post

Weakest January for house sales recorded since 2015

Across the UK an estimated 96,650 house sales took place in January 2023, which was the weakest start for eight years.

The Independent UK

City commercial property investment hits eight-year high

More commercial property was transacted last month that in the whole of the previous quarter, Savills data shows

Evening Standard

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Is London finally rising beyond Brexit?

City Comment: London may finally be recovering its pre-Brexit poise

Evening Standard

Property millionaires club grows as another 10,000 London homes receive seven-figure valuations last year

Research shows almost one in 10 London homes are now worth £1 million or more, but the number of new property millionaires is growing fastest in other parts of the UK

Evening Standard

Inside the 16th century Scottish castle for sale with a link to Mary Queen of Scots

One of Scotland's most stunning castles is currently on the market that comes with a fascinating history that even involves Mary, Queen of Scots.

Daily Record

Property professionals team up to launch new Birmingham consultancy

WTS has brought together a trio of licensing, leisure and commercial specialists to work with clients such as Asda and Heineken

Birmingham Post

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50-acre Edinburgh plot for sale with 500-home planning permission

The New Brunstane site to the east of the city has been brought to market for the first time

Insider UK

New Eldon Square general manager hails city shopping centre's pandemic bounceback

Cormac Hamilton says the management team are in talks with a number of operators keen to fill remain empty units

Birmingham Post

London ranked among the top cities globally for leisure operators

New York, Seoul and London are ranked as top cities globally for leisure operators, according to new research

Evening Standard

One of Wales' best known shopping centres, Cardiff's Queen's Arcade, is in receivership

The Queens Arcade in the centre of Cardiff has been hit by falling rental income and footfall

Wales Online

Average monthly tracker mortgage payment jumps by nearly £50 following rate hike

The average tracker mortgage payment will increase by £48.99 per month, according to figures from UK Finance.

The Independent UK

Rich buyers expand property searches to south and east London areas

London’s cheapest property hotspots, in particular those south and east of the capital, have seen the largest increase in residents with high-earning jobs

Evening Standard

Queens Arcade in the centre of Cardiff in property receivership

The retail scheme has been hit by falling footfall and rental income but a new mixed-use development remains the plan

Birmingham Post

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The Conversation

The rise of corporate landlords: how they are swallowing city centres like Manchester one block of flats at a time

The housing prospects for young people in the UK were completely changed by the global financial crisis of 2007-09. While the government largely succeeded in rescuing the banks and the housing market, it created an environment where house prices remained high and mortgages were only available to those who could…

Insider UK

Scottish hotel investment activity falls by a third during 2022

Savills predicts that 2023 will rebound, with year-end volumes anticipated to reach £200m

Birmingham Post

Industrial estates in Caerphilly acquired in a £10m deal

Springfall Properties has sold its properties to MVJ Capital

Daily Mirror

Map of all 35 Wetherspoons pubs still for sale across the UK - see full list

Wetherspoons made the 'commercial decision' to put a number of venues up for sale last year and 10 have now sold, with another 35 still on the market across the UK

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Evening Standard

Sales of £5 million-plus London mansions hit record high as super-rich splash the cash

Over 60% of second hand sales took place in traditional prime central London hotspots

Birmingham Post

Surge in demand for South West farmland drives up prices

Many commercial farming buyers are looking to expand as the required scale of agriculture increases, according to Savills

Insider UK

Scottish commercial property investment 12.6% ahead of five-year average

Office take-up in Aberdeen rose by 96% last year, compared to 2021

Edinburgh Live

Stunning Wetherspoon pub for sale in beautiful town just under an hour from Edinburgh

The Cross Keys pub in Peebles was recently put on the market by Wetherspoon and offers a chance for someone to create a wonderful business in one of the country's most picturesque towns.

Insider UK

Glasgow's 2022 food and drink openings 'the strongest in five years'

Market analysis shows activity 15% ahead year-on-year

Evening Standard

Property market forecast: as the cost of mortgages overtakes renting, should you buy a London home in 2023?

House prices may be falling but it is now cheaper to rent than to buy in the capital for the first time in 13 years. So should you jump in, or steer clear of a market in turmoil?

Daily Mirror

Swanky London two-bed flat seeks lodger for room costing a mighty £3,800 a month

An advert has been made for a person to rent a room in a two bed flat in a highly-sought after area of London for an astonishing £3,800 per month - but it does have bills included

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