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The Latest Breaking News from Savills

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

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

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read the most diverse news in one place.

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

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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

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

‘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

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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

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news in one place.

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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

'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

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

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

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