Savills looks to recovery with lessons learned from the GFC
Agency has taken a similar approach to 2008/9, when conditions were also beyond control, to mitigate the impact of market shutdowns; trading update reports “substantial increases” in activity levels in England and “clear signs of recovery” across Asia Pacific, but hard going in North America.
What to read next
Bumper Q1 for Savills’ development land team
Agency reports selling over £436m worth of land during the first three months of the year
Savills recruits Knight Frank’s South Bank man for Hackney role
Former RSC actor Daniel Woods has joined Savills to head-up the Hackney office.
Ex-Savills man launches top-end Cornish property agency with an offline focus
Jonathan Cunliffe's new venture champions private listings and quiet marketing
Most read
Power struggle at major family-run estate agency
Boardroom rift heads to the High Court as AIM-listed firm launches proceedings against its chairman.
Star Douglas Elliman broker targets London’s super-prime market
Luxury NYC specialist secures exclusive US representation for raft of landmark developments as American demand continues to build.
RBKC agency Russell Simpson expands with new SW London office
The former Head of Sales at John D Wood in Parsons Green will be leading the new operation.
Prime London transactions up 14% as more buyers come off the sidelines
Knight Frank says buyers and sellers have become 'hardened to the volatility' as latest numbers suggest an improving picture across the prime postcodes.
Georgian gem changes hands on Fitzroy Square in off-market deal
Demand for best-in-class homes is driving top-end activity in PCL, says agency behind latest benchmark sale.
UK Sotheby’s recruits former Anderson Rose director
Scott Joseph will cover Prime Central and North West London from the brokerage's St John's Wood office.
‘A home is the centre of family life, not an untapped tax stream’: Wealthy London boroughs unite against ‘mansion tax’
RBKC, Westminster, Richmond & Wandsworth say residents could end up paying more than half of the proposed national levy.
Agency lists Royal Tunbridge Wells’ historic town centre for sale with manorial title
'This is one of the rarest offerings to reach the UK property market in a generation,' say BNP Paribas Real Estate and Strutt & Parker.
Developer & contractor convicted over fatal London tower incident
Foster + Partners cleared of health and safety breaches over fatal Corniche window fall; St James and Lindner Prater found guilty.
Record-breaking $70mn mansion sale in Silicon Valley as ‘AI investment fever’ fuels luxury market
Andrew Skurman & Suzanne Tucker-designed estate is Northern California's biggest resi deal of the year.
LATEST ARTICLES
Six Senses owner eyes boost from branded resi boom
IHG now has 35 residential projects open or selling across 19 countries as developers pile into the sector.
Malins Group rolls out private client arm
Property group launches new division for owners restoring, remodelling and creating ‘exceptional’ homes.
Big London agency reports 22% drop-off in buyer registrations
Chestertons flags steepest annual fall in prospective buyers since last November amid political and tax uncertainty.
New York’s pied-à-terre tax paused after nearly a million properties swept into rollout row
Homeowners launch legal challenge to implementation, arguing City Hall ‘arbitrarily and capriciously foisted onto New York City residents the burden of proving they are not subject to the Surcharge.
Grand Registry: Surveying last month’s biggest registered deals
A £23mn residence in Chelsea topped the latest rundown of officially recorded transactions.