The Market
Savills profits up 40%; UK resi fees up 15%
Savills plc's half year results to 30th June 2013 show a 13% increase in group revenue to £399m (H1 2012: £353.3m), and a 25% surge in pre-tax profits, from £17.1m in H1 2012 to £21.
Which country has the highest prime property purchase taxes? (Clue: it’s not the UK…)
Who doesn't love a good rundown? We definitely do, so here's accountancy firm UHY’s take on the Big Mac test, with a snapshot of current compulsory property purchase fees on a property worth USD $3.
Spink to spank up £140m Carlton Gardens mansion
Ultra-prime developer plans to convert No. 3 into a single residence
Job opps in property & construction up 92%
Recruitment agency Reed's July Job Index shows a 17% year-on-year increase in the number of jobs vacancies floating around the UK, with opportunities in the construction and property sector up a massive…
Return to tender as resi land values surge
Hot on the heels of Knight Frank's upbeat stats last week, CBRE is also pretty sanguine on the resi land value front, crediting improving consumer sentiment and government initiatives with an increasingly…
Right to Supply: Why Help to Buy isn’t the answer
The Help to Buy Scheme may be a brave effort, says Trevor Abrahmsohn, but the Government needs to deal with the banks and the planners if it really wants to provoke a healthier property market...
High times for Scotland’s property market
Scottish house sales are on fire. Q2 figures from Registers of Scotland show an 8.1% increase in sales volumes - that's an extra 1,491 homes being sold - compared to 2012's second quarter.
Soho’s gentrification leads London’s super-prime pack
Luxury property developments in Soho have seen the biggest per square foot price gains over the last year compared to other areas in PCL, rising by over 14%, whilst prices in Knightsbridge have risen by…
Does London’s property market need foreign buyers?
London's resi development pipeline is likely to pump an extra £8bn into the UK economy, according to some research by London Central Portfolio.
Prime Numbers: Some stats on the top of the market
Savills' latest Residential Property Focus (for Q3 2013) asks whether the mainstream market is in a full-on recovery, or whether its just a temporary reprieve - as happened in 2010.
Isle of Wealth: London’s property market Vs the rest of the UK
London's wealth is yet to flow out into the regions, says Lucian Cook in the latest Savills Residential Property Focus.
Belvoir goes up-market with SW3 acquisition
Soames, the Chelsea-based lettings agency, has been bought by mainstream chain Belvoir as part of a pretty aggressive acquisitions spree that sees the firm make its first foray into the prime London market.