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The Latest Breaking News from Savills

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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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

Evening Standard

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‘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

The Independent UK

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.

Evening Standard

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

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

The Guardian - UK

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

Evening Standard

'Buyer’s market’ predicted for next year with higher negotiating power and more house sales

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

Evening Standard

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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.

Evening Standard

Property values fall in prime central London amid post-Budget caution for wealthy buyers

The PCL market has dipped as wealthy buyers digest the implications of the Budget

Evening Standard

Grade I listed former orangery converted by Sir John Soane on sale for £500k

This unique Music Room was designed by the architect behind the Bank of England

Evening Standard

The most unusual property sales of 2024 — from a lighthouse to a nuclear bunker

There were no shortage of wacky properties to hit the market this year, including nuclear bunkers, a studio with a cell and a replica of the HMS Endeavour

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Evening Standard

Last piano factory in London up for sale at auction

This historic family-owned factory could now be yours

The Independent UK

Venue where Lady Gaga and Rick Astley played says new flats would threaten its future

The Moth Club in Hackney is fighting a proposal to build two blocks of flats next door, amid fears it would lead to noise complaints from residents

Evening Standard

What are Rightmove's most viewed homes of the year?

We all love a good Righmove binge, and here are the homes most people checked out in 2024

Evening Standard

London rents set to increase by 14 per cent over next five years

Nationally, UK rents are set to rise by 18 per cent as rental growth continues to outstrip income growth

Evening Standard

US Election 2024: how Donald Trump's win will impact the London property market

Requests to rent trophy homes went up overnight while, longer term, a Trump victory could pump up the deflated central London sales market

The Independent UK

How much house prices are predicted to go up by across the UK

The North West was predicted to see the highest increase

Evening Standard

Average house price forecast to be £84,000 higher in five years’ time

Reduced monthly mortgage costs are now feeding through into improved confidence, property firm Savills said.

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