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%.
A fundraising campaign is underway to re-open Edinburgh’s Filmhouse, a well-loved cinema known for presenting one of the most ambitious and diverse cinema programmes in the UK. The ambition is for Filmhouse to open its doors once again in 2024. Newly formed charity Filmhouse (Edinburgh) Ltd. a
Scotland’s prime residential market, which typically accounts for the top 5-10% of the market in terms of value, is proving to be resilient and is outperforming the rest of the country, according to new analysis from April to June 2023 by Savills. The research also shows that wh
Savills has continued to expand its engineering & design consultancy (EDC) team with the appointment of Martin McClafferty as associate director and William Johnston as associate in Glasgow. Joining from HDR Consulting Engineers, Martin is a chartered engineer with 25 years’ experience ope
Savills' latest analysis of Scotland’s prime residential market has highlighted strong demand during the first three months of the year with 52% more buyers registering to buy so far this year compared to the same period in 2019 before the pandemic. This market represents the most as
The Scottish market has so far proved to be ‘resilient’ this year in the light of settling mortgage rates, according to Savills. Speaking ahead of his presentation to a 400-strong real estate audience at the Scottish Property Outlook Conference in Edinburgh today, Faisal Choudhry, Savill
In its preliminary results for the year ended 31 December 2022, Savills has posted revenues of £2.3 billion, a 7% year-on-year rise, and a 16% drop in pre-tax profits to £153.9m. Net cash at the group also decreased to £307.4m, down from £340.7m in 2021.
A two-tier commercial market has emerged in Aberdeen, where "rents and terms are holding up for ‘best in class’ buildings, but functionally or locationally obsolete buildings are struggling", according to Savills. The comments reflect activity in the last year with Savills recording
Scotland’s top-end market witnessed an extraordinary period in 2022, with a record 491 residential transactions at £1 million and above, according to Savills' latest research. This included the highest price ever paid for a residential property in Scotland, Seton Castle in East Lothian,
Investment in commercial property in Scotland this year will surpass the £2.39 billion that traded last year in a reversal of 2022’s strong start and weak finish, Savills has forecasted. In its latest UK Commercial Market in Minutes, the firm suggests low transaction volumes will remain