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
A three-bedroom penthouse apartment that forms part of the New Steiner development and boasts the "best views" of Glasgow has now been completed.
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
Detailed plans for the forthcoming transformation of Glasgow’s iconic Met Tower have been unveiled.
New research has found approximately a quarter of all luxury new build homes in UK towns and cities are being bought by over 60s.
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.
Savills: Aberdeen’s commercial property market evermore challenged with shortage of ‘best in class’ space
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
After a period of exceptional strength, the Scottish development land market slowed over Q4 2022 as wider market uncertainty took hold.
Savills has appointed Alistair Wright as investment director in its Edinburgh office in a move to expand its UK investment division. Mr Wright joins from CBRE where he has spent 15 years operating in the UK commercial investment market, advising both purchasers and vendors on transactions, and devel
George Hipwell has moved to Savills as the new Scottish director of its rural property division. He joins the Perth office from Davidson & Robertson where he was responsible for the rural and agency department.
The number of office lettings to complete in Glasgow in the first three quarters of 2022 reached 84, according to the latest research from Savills.
Andrew Perratt, former head of Savills residential in Scotland, will become head of residential for Savills UK, effective from January 2023. This follows his four-year tenure as Savills head of country residential, a role which saw him navigate the company’s regional network of offices outside