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The Latest Breaking News from Savills

Total value of London’s homes has risen to more than £1.8 trillion

London’s housing stock is worth almost as much as Italy’s annual GDP

Evening Standard

Net UK housing wealth ‘exceeded £7 trillion for the first time' in 2022

Estate Agent Savills said that £3.34 trillion was held by mortgage-free homeowners

Wales Online

Value of UK housing stock hit record £8.7tn in 2022

Annual rise of £425bn smaller than in previous two years, says Savills as it predicts fall in house prices in 2023

The Guardian - UK

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Net UK housing wealth ‘exceeded £7 trillion for the first time last year’

The growth in house prices over the past three years has added considerably to homeowners’ ‘paper wealth’, Savills said.

The Independent UK

Edinburgh's richest streets with the most £1million pound homes in Scotland

House prices in Scotland have gone through the roof, with Edinburgh's streets nabbing top spots for most expensive - including Craiglea Drive, Nile Grove and Great King Street.

Edinburgh Live

Record year for Scotland's £1 million-plus property market

Edinburgh along witnessed a record 287 top-end transactions during 2022

Insider UK

Look inside eco-friendly mansion on the market for £1.8m

The home was only built five years ago

Liverpool Echo

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Scottish commercial property 'will see uplift in investment'

Current prime office yields are 7.5% in Aberdeen, 6% in Edinburgh and 6.5% in Glasgow

Insider UK

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

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

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Birmingham Post

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

Insider UK

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

Birmingham Post

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

Evening Standard

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

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Wales Online

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

The Independent UK

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.

Evening Standard

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

Birmingham Post

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

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

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