Main image: UK household debt to income ratio. ONS and Bank of England calculations
Why the Bank of England is raising interest rates – & the risks involved
Johan Rewilak, an empirical economist and lecturer at Aston University, explores the reasoning behind the Bank of England's anticipated decision to raise interest rates for the first time in a decade...

PrimeResi is the Journal of Luxury Property. The leading news, opinion & insight resource for the UK's prime residential property industry.
BoE raises interest rates for the for the first time in a decade: Property industry reactions
"No surprise" from the prime resi sector as the Monetary Policy Committee votes 7-2 to increase the base rate from 0.25% to 0.5%
By PrimeResi
Budget 2021: Sunak cuts Business Rates, but major house-builders face 4% cladding tax
Chancellor Sunak has promised to cut taxes, not raise them in the coming years. But the country's biggest house-builders will have profits taxed 4% to help pay for the cladding scandal.
By PrimeResi
Bank of England revises down house price forecasts amid ‘Brexit-related uncertainties’
Political uncertainty, affordability constraints and policy changes have all taken a toll on demand in the UK housing market, warns the BoE in its latest inflation report;
By PrimeResi
Most read
In Pictures: Vast Georgian-style mansion in Kensington seeks £35mn
'This really is the house which has everything,' says sales agency.
St John’s Wood villa with supermodel provenance returns to agency’s books after 30 years
Arlington Residential brings Greville Road property back to market at just under £6mn - three decades after first selling it for under £800k.
Russell Simpson builds Mayfair team
Beau McCarty has joined Hermione Russell's recently-opened office.
By PrimeResi
Historic St James’s building sold after luxury redevelopment
Obbard's corking rental scheme for wine merchant Berry Bros resulted in 'a very significant uplift' in value.
By PrimeResi
Is the Prime London sales market turning a corner?
Latest LonRes data shows strong pick-up in under offer numbers and stabilising values - along with signs of a resurgence at the very top-end
Brokerage recruits ex-Savills department head
Sam Pagett will be covering the Cheltenham patch as a Moveli broker.
First Look: £500mn ‘vertical village’ takes shape in Kensington
100 Kensington is due to reshape the West London skyline with the tallest resi tower ever delivered in the Royal Borough.
Prime London 25: How luxury property agents embraced the digital age
Ruth Bloomfield explores the new gadgets & technological leaps that have shaped London’s prime property sector since the turn of the millennium – including portals, smartphones & social media.
New data reveals ‘catastrophic’ H1 for London’s new homes sector
'The market is now as bad as it was in early 2009, perhaps the early 1990s,' says Molior boss.
New Wimbledon base for United Kingdom Sotheby’s International Realty
George Azar's super-prime brokerage now has seven 'flagship' offices across the capital.
LATEST ARTICLES
Mapped: Latest price & rental growth across Prime London
How did the micro-markets of PCL and Prime Outer London perform in Q2?
‘Developers understand what new homes buyers and renters want and need…trust their judgment’
With new data laying bare the severity of London's new homes crisis, Knight Frank’s Charlie Hart calls for brave intervention from both central and local government - warning that a cornerstone of the…
By Charlie Hart
Flight of the ultra-rich: UK sees sharpest drop in billionaire residents
New data suggests 18 billionaires have shifted their tax residency abroad since 2023, as rival wealth centres gain ground.
£11.5mn St John’s Wood villa finds a buyer
Detached eight-bed residence on Abercorn Place was discreetly marketed, and came with a huge private leisure complex & south-facing garden.
Cadogan unveils public artwork at £235mn King’s Road scheme
Shezad Dawood's striking ceramic diptych at The Gaumont was inspired by Chelsea's 'historic creative spirit', with references ranging from early cinema to punk fashion.