Savills

The total value of all homes across the UK now stands at £8.678 trillion, with Scotland showing a 1.3% increase in total value and outperforming the rest of the UK, according to new research by Savills. Faisal Choudhry, head of residential research for Savills in Scotland, said: &ldq

Take-up of office space in Edinburgh has hit 649,000 sq ft in 2023, just 0.9% below 2022’s figure, according to Savills. Despite this minor fall, it remains 0.5% higher than the five-year average for the city, as more occupiers get to grips with what they both need and want from their office s

Savills latest analysis of UK residential market performance during 2023 has shown that while mortgage affordability has impacted the wider market, Scotland’s prime market has been the most resilient in the UK with a 1% increase in net agreed sales. This compares to -17% drop in prime UK regio

Commercial investment volumes in Scotland for 2023 amounted to £1.493 billion, marking a 34% decline from the previous year, according to Savills.

Savills has enhanced its infrastructure and projects division in Scotland with the appointment of Jessica Arrowsmith as a new operations director. Ms Arrowsmith, based in Savills' Edinburgh office, joins from Edinburgh Airport where she led the change management programme for the operations tea

Edinburgh's office market is showing resilience in the face of economic headwinds, with office space take-up rising to 334,510 sq ft by the end of Q3 2023 – a 25% increase on last year’s figure, according to Savills.

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%.

Keppie Design has followed up a pre-application consultation into its proposals for the redevelopment of the former Buchanan House in Glasgow with the submission of a full planning application.

Edinburgh's George Street has shown remarkable resilience with a surge in rental prices and a rapid decline in vacancies.

The iconic Hamilton Grand, a red sandstone landmark overlooking the Old Course's 18th green in St. Andrews, is witnessing its first resale since it was converted into luxury apartments. Savills has been tasked to broker flat 16, listing the asking price at £2.3 million. The flat is a unit cent

S Hotels & Resorts, advised by Savills, has acquired the freehold of Mercure Glasgow City Hotel on Ingram Street from Alternative Income REIT for £7.5 million.

The Scottish boutique hotel sector has witnessed a substantial surge in transaction volumes in H1 2023, reaching £71 million, making up 43% of all deals year-to-date, according to Savills.

A five-bedroom property on The Scores, one of the most sought-after streets in St. Andrews, has been brought to market by Savills with offers starting at £4 million. The historical property at 18 The Scores has undergone a remarkable transformation into an impressive contemporary home.

Savills is marketing Dunbeath Estate and Castle for offers over £25 million. 

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, Mr McClafferty is a chartered engineer with 25 years’ experi