News

Up-to-the-minute news from our press teams providing the latest developments within Savills, and across the property industry.  

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News

Office Space

Savills: Warsaw office market facing a year of challenges

"No new office completions were noted in Warsaw during the first quarter of 2023, with office take-up falling by 40%. Key challenges facing office tenants hoping for an economic turnaround, as forecast by real estate advisory firm Savills, include a substantial increase in service charges which are expected to rise by 30-60%, depending on the type and class of an office building."

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News

Development

Land Value Sharing Bill could exacerbate housing shortage

"The proposed Land Value Sharing (LVS) Bill, which introduces a 30pc charge on the value of land that is zoned for residential development, has raised major concerns among various stakeholders and industry experts, and has the potential to significantly disrupt much needed supply in the housing market."

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