Average mortgage payments as a proportion of income have dropped from 43% in 2008 to 31% in 2018
'Owning a home with a mortgage now more affordable than 10 years ago', according to mortgage firm Private Finance, despite house prices soaring by 29%.
What to read next
Mortgage lending to fall in 2024, predicts UK Finance
'We expect lending to remain weak in 2024, with a gradual improvement in affordability reflected in a modest increase in activity levels in 2025,' says banking industry trade body.
By PrimeResi
Property Industry Reactions: Interest rates held at 3.75% for a fifth time
Most pundits think the UK central bank's latest vote represents welcome 'stability' for the market.
By PrimeResi
Industry Reactions: BoE cuts interest rates to 3.75%
Central Bank confirms sixth rate cut since August, as inflation eases further towards target.
By PrimeResi
Companies in this article
Private FinanceMost read
Savills completes £170mn townhouse run at Chelsea Barracks
Contracts exchanged on £40mn Banda-designed residence, rounding out sales at Mulberry Square.
‘The penny has dropped’: London’s supply of supersized apartments is drying up
‘Signs of urgency’ emerge around the capital’s top schemes as new figures reveal how Westminster’s size limit is reshaping the super-prime landscape.
Super-prime Kensington development launch draws over 150 agents
In Pictures: London’s prime property crowd gets first look inside REDD’s newly completed One Palace Green.
US brokerage giant launches global division for cross-border property deals
Compass rolls into international markets including the UK with new agent network.
By PrimeResi
Picky buyers & patchwork performance: The state of Prime Central London in 2026
Fresh data and charts reveal differing fortunes across the capital’s luxury property heartlands - and offer some pointers as to what happens next.
Strutt & Parker broker ranks hit double figures
Seasoned St John’s Wood agent becomes tenth member of recently launched brokerage division as heritage firm targets further Prime London expansion.
‘There are quiet Augusts and then there are quiet Augusts’: Prime London sales hit 18-year low
Latest LonRes numbers point to a particularly slow summer for prime London - but there are signs of life at the top end.
London super-prime sales haul jumps 72% despite global slowdown
Knight Frank tracked a 'flurry of remarkable sales' in London during Q2, but US$10mn+ transaction volumes dipped slightly.
By PrimeResi
Social Circuit: LA London toasts 45 years at end-of-summer party
More than 200 property and design names gathered on the architect’s London Bridge rooftop for its annual industry bash.
Broker lands stellar £18mn instruction in SW London
Grade I-listed Richmond observatory - now a super-prime residence - was originally built for George III to watch the transit of Venus.
LATEST ARTICLES
The £100k Mistake: A top buying agent on what prime property buyers need to know about AI
The real value of a good advisor is in judgement & knowledge of things beyond data, says Property Vision's Rob Fanshawe.
Knight Frank research boss: UK housing outlook hinges on Middle East tensions
Markets are pricing in multiple rate hikes, but where borrowing costs go next relies heavily on a single unpredictable geopolitical risk, explains Tom Bill.
By Tom Bill
Bugatti badges $650mn Miami resi tower
Hypercar marque makes its first move into the US resi market with 183-home waterfront scheme.
Broker lands stellar £18mn instruction in SW London
Grade I-listed Richmond observatory - now a super-prime residence - was originally built for George III to watch the transit of Venus.
Savills names new head of resi development sales for Scotland
Jamie Adam tales over from Carole Mackie.
By PrimeResi