FoggyIsle.XYZ | Market's view on Savills

HSBC upgraded Savills to ‘Buy’ from ‘Hold’ with a new price target of 1260 pence, previously 825 pence.
Questions raised about the short-term trend of the chart, suggesting a potential movement towards the 800 support level.
Concerns about the impact of China’s economic issues on the global market, with specific references to the property giant Country Garden’s warning of a significant loss and the potential credit implications for suppliers due to Evergrande’s extensive projects.
Discussions on the UK housing market predicting a significant reduction in new homes due to rising borrowing costs, potentially leading to a considerable decrease in construction jobs and issues arising from high timber prices.
Speculation about the reasons behind a substantial recent increase in share price from 800p to 950p without clear external factors.
Observations on the possible impact of extreme temperatures across Europe on living conditions and real estate choices, linking climate change to potential increases in property buying in cooler climates.
Analysis of factors leading to fewer offshore buyers in the London property market, expecting a downturn influenced by interest rate changes and troubles in Chinese property markets.
Positive trading update from Savills highlighted strong performance, particularly in the UK and Asia Pacific regions, with profits expected to be materially ahead of 2019.
Discussion about the ongoing demand in London’s residential market despite broader economic concerns, contrasting with speculative views on a London exodus affecting property prices elsewhere.
Review of Savills’ strategic focus on growing less transactional aspects of their business to reduce volatility and potentially enhance their market standing.