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
Key prime housing market dynamics


The main findings of the report are as follows:

  • "Given the weaker backdrop in the financial markets, we have lowered our forecast for growth in prime London properties from 22% to 18%. However we still expect prime property to outperform other housing markets." - Harriet Black.

  • "Low quarterly growth in the price of country houses reflects a market taking stock of the current economic environment." - Lucian Cook.

  • Annual rental growth in prime London at the end of the third quarter stood at 8%, just lower than the six-year high of 8.1% recorded in the first quarter.

  • The top end of the prime housing market is still outperforming other property, significantly so in central London.

  • The supply / demand imbalance in prime seen over the last couple of years has now eased both in London and regionally.

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Contact Information

Harriet Black
+44 (0) 20 7409 5914
hblack@savills.com


www.savills.co.uk/research


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