Format: News
Islington & Earlsfield development opps to feature in upcoming Savills sale
11 of the lots in the agency's April catalogue are guided above £1m
Deal sealed on major York development site
The Retreat is one of the world’s oldest mental health institutions in the city, and covers some 40 acres
Luxury co-ownership platform debuts in London with Mayfair penthouse acquisition
American start-up Pacaso is offering a 12.5% share of a duplex flat in Mayfair for nearly £1.1mn, and has a house in the Cotswolds lined up for its next UK offer.
Chancellor cuts VAT on energy-efficient home improvements; commits to reducing Income Tax in 2024
Energy-efficient home improvements - such as solar panels, heat pumps and insulation - will face no VAT for the next five years.
House price inflation eases to +9.6% – UK HPI
The official UK House Price Index tells us that average property prices increased over the year to January; in England to £292,000 (9.4%), in Wales to £206,000 (13.9%), in Scotland to £183,000 (10.
60% of sales going to best & finals in parts of London as competition hits ‘fever pitch’
83% of Savills agents have seen an increase in competitive bidding in recent months
Property transactions drop by a fifth
Around 21% fewer residential property transactions were recorded by HMRC in February 2022 compared to the same month in 2021.
Russian billionaire reportedly ‘ditched’ UK mansions before sanctions were imposed
A BBC investigation suggests that Alisher Usmanov's UK assets - including mansions in London and Surrey - "could be beyond the reach of UK sanctions. And the same could be true for other oligarchs."
Works begin on giant Belgravia regen scheme
The Ebury Bridge scheme promises the largest delivery of new affordable homes in Westminster in a generation.
Stamp Duty revenue surges to a record high
£16.9bn was paid in property taxes from April 2021 to February 2022; £6.1bn more than in the same period a year earlier, despite the Stamp Duty holiday.
Developers livid over Gove’s ‘cartel’ comments
The Housing Secretary said he is 'not particularly popular' with housebuilders at the moment
Savills recruits head of D&I
Chanelle Gray has joined the agency after 13 years in the Civil Service