News

"New York has displaced London as the world’s second most expensive city to rent business and residential space for employees, behind Hong Kong, while Singapore offers businesses locating in the city the best value accommodation in  relation to the size of its economy according to international real estate advisor Savills."

"According to the latest Savills Ireland hotels report the dramatic upturn the market experienced in 2012 is continuing with strength in 2013 due to improvement in occupancy and average room rate (ARR)."

"Savills has strengthened its European cross border investment team with the appointment of director Oliver Fraser-Looen"

"Savills has appointed Michał Muc as a director and head of real estate management services at its Poland office. "

"The latest investor rankings from the Savills world cities indices.  "

"Savills has strengthened its property management team in Sweden with four appointments including a new head of project development, Jonas Högset.  All four new joiners are based at the firm’s Stockholm office."

"Overall vacancy rates have continued to decrease across Europe, according to international real estate advisor Savills, with an average rate of 10.1% in H113, compared to 10.3% in H112."

"According to Savills latest report on Poland’s investment market, the annual transaction volume is likely to hit €3.0bn which would be a record level since 2006 with the majority of deals (up to circa 70%) attributed to retail.  "

"According to Savills latest office report, whilst domestic investors continue to dominate the market in Madrid, German institutional funds have returned to the sector joining the new buyers in this area including South American, British and Canadian parties. "