Savills

With the Bank of England expected to increase Bank base rate later today, Savills has issued new five-year house price forecasts, predicting that the average UK house price will fall by 10% in 2023 when interest rates peak. However, the firm added that the prime markets will see smaller falls and ou

Construction is commencing on a new neighbourhood in St Andrews where 30% of homes will be affordable.  Savills Development completed on the sale of the 17 hectare site to David Wilson homes, just 1.5 miles to the south east of the historic town centre.

Savills has sold a prominent Glasgow city centre hotel on behalf of Azets acting as joint administrators of Bracknell Property LLP to the Address Collective from a guide price of £4.5 million. The former Pocotel is prominently positioned on a corner site at 139-141 West George Street and compr

A buyer is being sought for former New Aberdeen Savings Bank headquarters, a Category B Listed property, at 17-19 Union Terrace in Aberdeen. Savills, acting jointly with FG Burnett, has been tasked with the launch.

A historic Fife castle been put on the market for £3.5 million just outside Auchtermuchty. Myres Castle, a B-listed property which dates back to the 16th century, is being sold by Savills. It boasts ten ensuite bedrooms, five reception rooms, 45 acres of grounds protected by a high stone wall,

Savills, on behalf of a private client, has completed the sale of the long leasehold of Mercure Perth Hotel in Perth, Scotland, to S Hotels and Resorts plc, owner of Jupiter Hotels, off a guide price of £2.25 million. The property has an unexpired long leasehold term of 46 years. The Mercure P

Savills plc has reported a pre-tax profit of £50.4 million and revenue of just over £1 billion in its interim results. Pre-tax profit has dropped 20% from £63.3m to £50.4m (first six months ending 30 June). Revenue has grown by 11% to £1,037.4m from £932.6m f

Office take-up in the first half of the year across the three largest Scottish cities saw Aberdeen outstrip activity in Edinburgh and Glasgow, according to the latest research from Savills.

Scotland’s prime house market is continuing to see record levels of demand, including for million pound properties, as well as higher price growth than anywhere else in the UK. However, there are signs that the market is beginning to steady due to economic headwinds, according to Savills lates

A luxurious St Andrews property worth £3 million has been listed for sale just in time for the start of the Golf Open, which makes a return to the Old Course for its 150th anniversary.

Savills has been instructed to bring Livingston’s Almondvale West Retail Park to the market at a guide price in excess of £19.125 million, reflecting a net initial yield of 7.75%.

Savills is marketing Dalhebity House, a mansion house created by Stewart Milne and his partner Joanna Robertson, for offers of over £7.5 million.

Glasgow is at a tipping point as a lack of new office developments in the city centre could see ‘refurbishment’ rents outstrip rents on new-build in 2023 for first time in six years, to reach £36 per sq ft, according to Savills. With less than a year’s supply of new office ac

Office take-up in Aberdeen in the first quarter of 2022 has already exceeded the total annual take-up for last year, with 195,905 sq ft of office deals completed in the first three months of the year, according to the latest research from Savills. By comparison, Savills says, the average Q1 tak

Savills has announced that Graeme Fraser will take on the role of head of valuation in Scotland, working closely with Craig Timney in his new role as head of UK valuation operations. Mr Fraser has over 25 years’ experience providing valuation and consultancy advice specialising primarily in lo