• Uncertainty remains

Whilst the dust has largely settled after ‘Liberation Day’ in early April, albeit with outstanding issues remaining with China, the fact that the UK Budget will take place in late November is a cause for concern. With many adopting a wait-and-see approach, it is likely we won't see improved sentiment until 2026.

• Build: Perspective score drops

The latest reading from the Savills Build: Perspective index contracted sharply in Q3 2025 after a period of stability. This is suggesting that some sectors are starting to see drops in both build costs and programme length.

• I&L looks to improve wellness

With greater competition from landlords and developers to attract occupiers to new I&L schemes, is there an opportunity to improve the wellness offer? One possibility that is common in Japan is the ability to offer free or subsidised childcare, which, in turn, improves staff retention and well-being.

• Office sector looks to refurbishment

As competition intensifies for high-quality space, well-executed refurbishments are emerging as frontline solutions. They offer flexibility, faster delivery timelines, and the ability to meet sustainability targets, making them especially attractive to occupiers navigating post-pandemic workplace strategies. Looking ahead, the success of the office market will hinge on how effectively landlords can reposition existing assets.

• Refurbishment rises in living sector

Refurbishment is gaining momentum across the living sector as planning delays, market weakness, and cost volatility hinder new housing delivery – especially in London. Investors and providers are increasingly redirecting capital to upgrading existing stock, driven by faster approvals, lower risk, and rising demand for ESG-compliant, professionally managed rental and affordable housing assets.

_{Read the articles within Savills Build: Perspective report below}