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The Latest Breaking News from Savills

What does the latest Bank of England base rate decision mean for households?

With the base rate holding steady, here is a look at what it means for savers and borrowers.

The Independent UK

London's most expensive house sales of 2023: from Tim Burton's glass house to Rihanna's former rental

Interest rates and energy bills weren’t a worry for the ultra-wealthy buyers who snapped up some of London’s most lavish homes this year

Evening Standard

Set of artists’ studios in Fulham on sale for the first time in over 60 years for £1.5million

St Oswald's Studios were created in 1912 and haven't been on the market since the Fifties

Evening Standard

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Average rent in Great Britain up by more than a quarter since start of Covid

Rise due to shortage of properties has been worsened by soaring interest rates, Savills finds

The Guardian - UK

London rent rises: rents are up 31% in two years, how much higher can they go?

Rents will keep on rising, predicts Savills, but London has already hit its ‘affordability ceiling’

Evening Standard

Waterside property featured in Midsomer Murders and 101 Dalmatians on sale for £3.5 million

The wood panelling in the Baronial hall was re-used from the House of Lords, which was being refurbished at the time

Evening Standard

Victorian boathouse in Teddington for sale for the first time in 24 years

Aldous Boathouse, on the banks of the Thames in Teddington, was built in 1874 and restored in 1999

Evening Standard

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These homes for sale overlook some of London's best-loved landmarks – and start at £438k

Be a tourist from home with a property overlooking some of London's best sites, from historic heavyweights to cherished theatres and music venues

Evening Standard

As Selfridges updates on ownership, new forecast shows retailer appetite for Oxford Street looks solid

Momentum on Oxford Street has been given a boost with a forecast anticipating that empty store numbers will fall over the next year, and a new majority ownership update for long-term occupier Selfridges.

Evening Standard

UK sees rent rise at a record rate. These areas have been hit the hardest

The average UK house price fell by 0.1% in the 12 months to September 2023, according to the Office for National Statistics

The Independent UK

Record rise in rents as house prices fall annually for first time in a decade

The average UK house price fell by 0.1% in the 12 months to September 2023, according to the Office for National Statistics.

The Independent UK

Bank of England chief says ‘too early’ to talk about interest rate cuts; M&S surprises with profit jump – as it happened

Andrew Bailey warns against protectionism, saying fragmentation damages economy and financial markets; M&S retakes crown of UK womenswear leader

The Guardian - UK

UK housing market is past its ‘peak pain’, declares Savills

Upmarket estate agent says prices will start to bottom out in 2024 as interest rates fall and will return to growth in 2025

The Guardian - UK

Five-year house price forecast: how much could your London house be worth by 2028?

An average house in London could be worth over £70k more in five years time, but prices have further to fall first says Savills

Evening Standard

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news in one place.

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The Independent UK

Average house price predicted to be £45,000 higher by 2028

The expectation of a gradual reduction in interest rates suggests a progressive restoration of buying power and recovery in demand, Savills said.

Fortune

WeWork’s $18 billion bankruptcy is the last thing the reeling commercial real-estate sector needed

Offices now face “a potential new wave of unexpected vacancies,” Moody’s wrote. WeWork’s first move was to dump 70 leases—35 of them in New York.

Evening Standard

Mary Berry's former Buckinghamshire home on sale for £3.5 million

The previous Great British Bake Off judge owned the house for more than 30 years and used it to film several cookery shows

Evening Standard

London homes for sale under £1m with fun communal facilities from a rooftop running track to a bowling alley

From rooftop running tracks to tennis courts and allotments, these London homes offer neighbourly amenities without the dizzying price tag

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news in one place.

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Evening Standard

Size of UK build to rent sector has scope to swell, but firms face challenges in London

Get Living is among companies that have created large rental homes developments in London

The Guardian - UK

Rihanna’s former London rental mansion sells for £27.5m

Chinese buyer snaps up St John’s Wood house that often featured in singer’s Instagram posts

Evening Standard

Rihanna's London home sold to Chinese buyer for £27.5 million

Singer lived in St John's Wood mansion for two and a half years

Evening Standard

Horses for courses: this £20 million north London estate comes with its own polo field

Racehorse trainer Andrew Reid is selling a house with a designer cross-country course and stabling for 14 horses

Evening Standard

London's mega-mansion fire sale: why the super rich are slashing millions off their asking prices

Super-luxury property owners are knocking millions off their house prices in the hopes of making a sale in a struggling market

Evening Standard

London workspaces: Landsec's Marcus Geddes on Lucent, demand and if five-day office week will return

Sat behind the capital's most famous advertising board, Marcus Geddes sounds confident that property giant Landsec will have no trouble lining up a tenant for the last remaining floor of office space at Lucent, a large West End island site that has undergone a major redevelopment and is home to…

Evening Standard

Hampstead mansion that was home to one family for 86 years on the market for first time since 1937

Frognal Rise House, on the corner of Frognal Rise and Lower Terrace, has been home to three generations of the same family since 1937, but is now on sale for £11 million

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