News

"The Pound Sterling has fallen to its lowest level against the US Dollar since 1985."

"Improvement on impact of COVID-19 with China showing green shoots."

"We may see a recovery in launches over the second half accompanied by a big push by developers to catch sales targets."

"There is enormous disruption to the retail sector, however opportunities remain; quick responses, adaptive business practices and forward planning are important now"

"In its latest global sentiment survey among its researchers around the world of the impact of Covid-19, Savills says that the outlook has improved slightly, with 19% of countries reporting a severe negative impact on their real estate markets due to the pandemic – an improvement compared to 29% in its previous survey conducted on 31st March - and 74% describing a moderate negative impact (opposed to 67% at end of March)."

"The LandAid COVID-19 Emergency Fund, launched on 7 April 2020, has given out its first grants to frontline charities. LandAid, the property industry charity, distributed £100,000 to 12 charities in this first round of funding.  Savills, including a personal donation from Mark Ridley, has contributed to a total of circa £500,000 alongside other Land Aid partners Helical, Knight Frank, Landsec and M&G plc."

"The coronavirus pandemic has had a relatively benign effect on the Q1 2020 Warsaw office market figures, according to the latest Savills research. However, tenants already started to optimize costs which soon may increase the number of lease renewals and subleases. Companies will look for more flexible lease terms and cost-effective locations."

"With a solid equity background, there appears to be little default or delay to schedules of payments for Apartments. However with low consumer confidence and launches delayed, let’s see how the secondary market performs..."

"Limited supply, a strongly growing middle class and good quality products, will ensure this asset class remains sound for the midterm."