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The Savills Portfolio | 2021 The Savills PORTFOLIOVOLUME 4 | 2021 EXCLUSIVE INSIGHTS INTO THE WORLD’S MOST DESIRABLE HOMES COVER T.indd 1 24/05/2021 10:01 COLLECTION Villeret WELCOME TO THE SAVILLS PORTFOLIO WHAT A YEAR this has been. I can’t cities index recorded an average increase of think of another in recent history when 0.8 per cent at a time of very early global we have found ourselves questioning GDP recovery. Cities are at different stages in so many of our lifestyle choices. For many, their recovery, but many of the factors that where we live and work and how we live and helped drive the prime residential market work have become a major preoccupation. in the second half of 2020 are expected to Residential real estate is the biggest asset continue through 2021, including low stock class in the world – the world’s homes are levels in key locations and the desire for worth more than the total value of equities more space. Historically low interest rates, and debt securities combined. But the which are expected to remain low for some connection we have with our homes goes time, also make the sector attractive for far beyond the financial; lifestyle choices wealth preservation. determine buying decisions as much as, if not Escape – from Paris to the Riviera, New more than, investment considerations. York to the Hamptons, London to the Since early 2020 we have been monitoring Cotswolds or Dubai to the Dubai Hills – has the impact of Covid-19 across the 70-plus become another big global theme, with countries in which Savills operates. All over city dwellers adding prime rural or leisure the world we have seen the same trends properties to their portfolios. The pandemic emerge – in short, the resilience of leading may have forever broken the five-day office cities and the demand for the very best in week, allowing more people to enjoy the best countryside and leisure locations. of both worlds between city and country The resilience of prime city residential homes. But whatever your own markets was highlighted during the second lifestyle priorities, rest assured we are half of 2020, when the Savills prime world uniquely placed to help. JUSTIN MARKING HEAD OF GLOBAL RESIDENTIAL BEIJING · DUBAI · GENEVA · KUALA LUMPUR · LAS VEGAS · LONDON · MACAU · MADRID MUNICH · NEW YORK · PARIS · SEOUL · SHANGHAI · SHENZHEN · SINGAPORE · TAIPEI · TOKYO · ZURICH THE SAVILLS PORTFOLIO 3 **MASTER AD PAGE**.indd 1 24/05/2021 10:00 FOREWORD T G NEW.indd 1 12/05/2021 16:31 The Savills PORTFOLIOVOLUME 4 | 2021 661 “WHERE LAND CAN COASTS WITH 6 THE GREAT ESCAPE 33 MAKE A HEART LEAP” 52 THE MOST 73 THE COLLECTION Liz Rowlinson charts the revival of the Ruth Bloomfield speaks to one London Ruth Bloomfield compares the appeal of A visual tour of the world’s most country-house market homeowner who crossed the world to Britain’s second-home seaside hotspots remarkable homes create their dream house 74 UK LONDON Belgravia, Chelsea, City of London, Fulham, Holland 13 FOR TWO GOOD SEASONS A TALE OF 57 BLUE SKY THINKING Park, Kensington, Knightsbridge, Cathy Hawker reveals the alpine resorts 36 TWO RIVIERAS Niki Riley showcases seven state-of- Marylebone, Mayfair, Notting Hill, that offer an equally appealing lifestyle Liz Rowlinson compares the enduring the-art homes that offer the very best in Regent’s Park, Tower Bridge throughout summer and winter charms of the towns and villages dotted indoor-outdoor living 98 UK COUNTRY Berkshire, along the French and Italian Rivieras Cornwall, Gloucestershire, Hampshire, Herefordshire, Jersey, 18 GROWTH POTENTIAL 61 L’ART DE VIVRE Northamptonshire, Oxfordshire, Alice Lascelles explores the joys and 42 FOLLOW THE SCIENCE Tara Loader Wilkinson spotlights six Perthshire, Rutland, Somerset, financial returns that attract buyers to Lisa Freedman reports on the powerful art-driven neighbourhoods that offer Staffordshire, Surrey English wine estates pull of cities that excel in life sciences homebuyers a real buzz 118 EUROPE Austria, France, Germany, Greece, Italy, Monaco, THE BEST OF TRENDWATCH: PRIME Portugal, Russia, Spain, Switzerland 24 BOTH WORLDS 45 A GRAND TOUR 67 LONDON LETTINGS 149 MIDDLE EAST & AFRICA Cathy Hawker falls for the abundant Lucia van der Post talks to Jasper Jane Cronwright-Brown and Isabella Dubai, Seychelles, South Africa charms of Spain’s Baix Empordà Conran about his life-long love affair Birch Reynardson have all the answers 155 ASIA-PACIFIC Australia, China, with English country houses Hong Kong, India, Vietnam 162 AMERICA & CARIBBEAN 29 LONDON CALLING HOW DOES YOUR 68 THE CALL OF THE WILD Los Angeles, New York, Antigua, Anne Ashworth delves into the capital’s 50 GARDEN GROW? Arabella Youens on how rewilding is Bahamas, Barbados, St Lucia prime central locations and explains why Clare Coulsen selects five urban gardens now a major motivation for buyers of 170 SAVILLS RESIDENTIAL CONTACTS 164 75 now is the right time to buy that are a joy to behold British country estates 13 Magazine cover image: New Wardour Castle, Wiltshire, see page 48 36 115 For regular updates on the latest global property trends and insights from our experts, please visit The views expressed in this publication are not necessarily those of Savills or the publishers. The information contained in this publication is correct at time of going to press. All rights reserved. No material may be used in whole or in part without the permission of Savills. While every care is taken in compiling content, Savills does not assume The Savills Portfolio at savills.com/portfolio responsibility for effects arising from this publication. Computer-generated imagery has been used to illustrate some properties in this publication for indicative purposes only. 169 4 THE SAVILLS PORTFOLIO THE SAVILLS PORTFOLIO 5 CONTENTS T G.indd 2 13/05/2021 11:09 CONTENTS T G.indd 3 13/05/2021 11:09 Cherry Hill Above: 10-bedroom Wood HETHER A MOATED of residential research at Savills. “The House in Shrawley, Worcester, Jacobean manor, an mansion tax and stamp-duty increases set in 161 acres, guide elegant Palladian-style [on second homes] hit the rarefied, often price £5,000,000; David mansion or a modest discretionary, market harder.” Henderson, david.henderson@ Georgian farmhouse But what a difference 18 months can savills.com. Top right: five- setW within beautiful rolling hills, there’s make. “In the second half of 2020, the THE GREAT bedroom The Manor House in something uniquely appealing about a number of new buyers registering with Chipping Norton, Oxfordshire, British country house. Savills country house department for with swimming pool, offers These rural residences are not, homes valued at £2,000,000-plus was over £3,000,000; David however, always in vogue. In the 2.5 times higher than in the same period Henderson, david.henderson@ years since the market peak of 2007, of 2019, while registrations this year are savills.com. Above right: Shaw the country market has been in the up 58 per cent on the first three months House in Melksham, Wiltshire, doldrums, hit by the global financial of 2020,” reports Clacy. ESCAPE with nine bedrooms and crisis, the EU referendum, the 2019 “Those properties that had been After 14 years in the doldrums, confidence in the British country-house market has extensive cellars, guide price election and the headwinds of Brexit. on the market for five or so years have £4,000,000; Lindsay Cuthill, “After the credit crunch we all wanted now sold, so there’s been a reduction returned. Liz Rowlinson reveals the whys and the wherefores [email protected] to be in the thick of city life, so country in the amount of stock,” says Lindsay houses went slightly out of fashion,” Cuthill, head of Savills country house explains Frances Clacy, associate director department. “After 14 years of nothing 6 THE SAVILLS PORTFOLIO THE SAVILLS PORTFOLIO 7 COUNTRY HOUSES T G.indd 6 10/05/2021 09:21 COUNTRY HOUSES T G.indd 7 18/05/2021 11:45 much happening, we are on an upward 40 increased from 17 per cent in 2019 to swing, which we see continuing.” 36 per cent in 2020/2021. “While there was only a single “The equity in London properties £15,000,000-plus transaction in the [after years of low interest rates and market for estates and country houses price rises] has put some younger families with land in 2019, 18 sold in 2020,” in a position to buy a £2,000,000-plus says Crispin Holborow, Savills country country house,” notes Clacy, adding that director of The Private Office. The some London buyers kept their city base: appetite for more space and seclusion 18 per cent of country-house buyers for brought on by the coronavirus pandemic Savills in 2020-2021 were second-home is a major factor, but the uptick had purchasers, up on 2019’s 14 per cent. already started. “The election result Although a typical purchaser might of late 2019 injected confidence in the be swapping a £2,000,000 three-bedroom market. We’d already been seeing an townhouse in the London suburbs for The proportion of London buyers in the country-house market Left: modernist masterpiece St Ann’s Court in St Ann’s went up from 20 per cent in 2017 to 46 per cent in 2020-2021 Hill, Surrey, includes an 18th-century coach house, increase in interest in properties with a a six-bedroom country property worth guide price £5,950,000; lot of land – such as estates with at least £3,000,000, not all buyers are trading Paul Finnegan, 150 acres, which offered scope to grow up, concurs Cuthill, who says the sweet [email protected].
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