Savills

Both Edinburgh and Glasgow have moved up the rankings of the world's most resilient cities, placing 36th and 45th respectively out of a list of 490 cities worldwide.

International real estate advisor Savills has announced 15 promotions across its Scottish business. The promotions will see four people move up to director level, two become associate directors, eight take on the role of associate and one person promoted to senior staff.

Savills' rural team has announced their sponsorship of Women in Wellies, a podcast series which shines a light on the lives of inspiring women who live and work in rural Scotland. This new sponsorship builds on the podcast’s mission to amplify the voices of remarkable women in the rural sector

Scotland saw hotel transaction volumes (sales of £1 million+) reach £310m in 2023, up 98% on 2022’s figure of £156m, according to Savills. Overall Scotland accounted for circa 14% of all UK hotel deals last year as the market remained resilient despite ongoing economic headwi

The total value of all homes across the UK now stands at £8.678 trillion, with Scotland showing a 1.3% increase in total value and outperforming the rest of the UK, according to new research by Savills. Faisal Choudhry, head of residential research for Savills in Scotland, said: &ldq

Take-up of office space in Edinburgh has hit 649,000 sq ft in 2023, just 0.9% below 2022’s figure, according to Savills. Despite this minor fall, it remains 0.5% higher than the five-year average for the city, as more occupiers get to grips with what they both need and want from their office s

Savills latest analysis of UK residential market performance during 2023 has shown that while mortgage affordability has impacted the wider market, Scotland’s prime market has been the most resilient in the UK with a 1% increase in net agreed sales. This compares to -17% drop in prime UK regio

Commercial investment volumes in Scotland for 2023 amounted to £1.493 billion, marking a 34% decline from the previous year, according to Savills.

Savills has enhanced its infrastructure and projects division in Scotland with the appointment of Jessica Arrowsmith as a new operations director. Ms Arrowsmith, based in Savills' Edinburgh office, joins from Edinburgh Airport where she led the change management programme for the operations tea

Edinburgh's office market is showing resilience in the face of economic headwinds, with office space take-up rising to 334,510 sq ft by the end of Q3 2023 – a 25% increase on last year’s figure, according to Savills.

While UK prime house prices experienced a fourth consecutive quarterly dip in the three months to the end of September, with annual falls averaging -5.2%, Scottish prime values remained steadfast, with a minor annual dip of -1.1%.

Keppie Design has followed up a pre-application consultation into its proposals for the redevelopment of the former Buchanan House in Glasgow with the submission of a full planning application.

Edinburgh's George Street has shown remarkable resilience with a surge in rental prices and a rapid decline in vacancies.

The iconic Hamilton Grand, a red sandstone landmark overlooking the Old Course's 18th green in St. Andrews, is witnessing its first resale since it was converted into luxury apartments. Savills has been tasked to broker flat 16, listing the asking price at £2.3 million. The flat is a unit cent

S Hotels & Resorts, advised by Savills, has acquired the freehold of Mercure Glasgow City Hotel on Ingram Street from Alternative Income REIT for £7.5 million.