Savills.com

March 2008
Residential Property Focus: Assessing a Changing Market
A combination of positive and negative factors means that our generally optimistic view of the housing market in 2008 remain in place at this stage.

Winter 2008
Key prime housing market dynamics
As we predicted, the global credit crisis has taken its toll on prime central London and downside risks are increasing. Values fell by -2% for PCL in the final quarter of 2007.

February 2008
UK residential market update
Given the weaker economic backdrop, the downside risks have increased for the UK's housing market

October 2007
UK Shopping centre and high street bulletin
With it looking increasingly likely that the next move in the base rate will be downwards, we expect consumer confidence to improve.

UK Commercial Leisure Bulletin - 2007
Corporate change and consolidation has been rife in the leisure sector.

Autumn 2007
Key prime housing market dynamics
Given the weaker backdrop in the financial markets, we have lowered our forecast for growth in prime London properties from 22% to 18%...

October 2007
Residential Market Update
The balance of opinion amongst surveyors is that house prices have fallen month on month in both August and September.

Autumn 2007
Central Scotland Residential Development Survey
New build average asking prices per square foot in Central Scotland have increased by 8% over the last year...

September 2007
Rising housing supply
Although housing supply has been rising nationally, the levels still fall well short of the numbers that would remove housing scarcity...

2007
Better by Design
The current planning emphasis on urban regeneration, mixed use, sustainable development and high residential densities...

 

Autumn 2007
Central Scotland Residential Development Survey


The main findings of the report are as follows:

  • New build average asking prices per square foot in Central Scotland have increased by 8% over the last year, with strong growth in nearly all commuter areas. Whilst the second hand market has outperformed these figures, this represents the strongest growth in average new build asking prices for many a year.

  • While the percentage of total units under reservation, exchanged or completed slightly increased, the average rate of sale per calendar month on sites marketing for at least one year in Edinburgh City (4.4) and Glasgow City (4.6), remains lower than developer targets.

  • Average growth per annum of both Scottish greenfield and urban land values has exceeded the Great Britain average and we forecast that both greenfield and urban land value growth in Scotland over 2007 will exceed the national forecast of 8% and 3% respectively.

  • There has been strong growth in the supply of new build housing suitable for families in Glasgow, with little change seen in Edinburgh. Supply of flats suitable for first time buyers and young professionals remains a challenge in Edinburgh and Glasgow.

  • With strong demand from student and business travellers, investors who are considering whether to diversify their portfolios should look at the potential for student housing, serviced apartments and assisted living opportunities.

Download Free PDF

Contact Information

Faisal Choudhry
+44 (0) 141 222 5880
fchoudhry@savills.com

www.savills.co.uk/research


Note If you are experiencing difficulty downloading or reading this report, click here for help.