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
Luxury brokerage faces allegations of workplace misconduct
High-profile firm insists it 'does not tolerate harassment or inappropriate conduct' following Bloomberg report.
Notting Hill villa changes hands for nearly £32mn
Mid-19th century residence is one of the area's finest examples.
What WOW!house says about the future of super-prime interiors
PrimeResi tours the annual interiors showcase in Chelsea Harbour, featuring 22 installations by top studios including Martin Kemp, Albion Nord, Rigby & Rigby and Elicyon.
Plans submitted for significant 89-home refurb scheme in South Ken
Wellcome is looking to upgrade a portfolio of 34 townhouses on Evelyn Gardens, transforming former student accommodation into high spec homes.
By PrimeResi
Former Schroders base in Mayfair cleared for prime resi conversion
'Remarkable' Upper Grosvenor Street building is set to deliver eight apartments alongside valet-led parking facility in Reeves Mews.
British Land picks new CEO
Joanne McNamara will lead the FTSE-100 property company, replacing outgoing chief Simon Carter.
By PrimeResi
Penthouse overlooking Lord’s makes market debut, seeking £10mn minimum bid
Home of Cricket-facing apartment with 100-ft terrace is being offered for sale for the first time, with all proceeds due to go to charity.
Off-market properties outnumbering online listings by 5:1 in PCL, says buying agency
Fear of not having seen everything available is now the main factor weighing on buyers’ minds and undermining confidence, reports Eccord.
Rupert Collingwood: The property ladder is freezing from the top down
If we want the market to function more efficiently again, we need to stop viewing the housing crisis purely through the lens of first-time buyers, says brokerage chief.
In Pictures: Caudwell unveils €29m Riviera trophy home with Windsor links
Marquee residence at Le Provençal is the region's biggest new listing this spring, says developer.
LATEST ARTICLES
Dexters buys another London estate agency
Fraser & Co operates four branches in London and an outpost in Hong Kong.
By PrimeResi
Prime homes aren’t overpriced – they’re under-marketed, says luxury agent
'The prime property market isn't the problem; the agents are,' declares Melanie Attwater of eXp's new high-end division.
UAE developer puts down roots in Prime Central London
Dubai-based operator opens Knightsbridge office as Gulf property groups continue to make moves in the capital.
Regent’s Park’s ‘White House’ reportedly set to resell at £190mn
The deal would represent a significant uplift in The Holme's value since 2024.
By PrimeResi
Ground rent cap timeline brought forward
The £250 cap is now expected to come into play in late 2027, a year sooner than previously planned.
By PrimeResi