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; average house prices are now…
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Buying London ‘axed’ after one season
Netflix show starring Daniel Daggers has reportedly been cancelled.
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Former Knight Franker Hobbs relaunches land & development consultancy
Halifield Land temporarily closed after director Jason Hobbs fell ill; the firm and its founder are now back in action, seeking development site in London and the South East.
By PrimeResi
Pre-Budget speculation spooks Prime London sales market
Fears over looming tax changes are already having repercussions in the capital's top neighbourhoods, as high-end sales slump & appraisals soar.
Deal sealed on ‘one of the most important private estates in Jersey’
Neo-classical inspired mansion, said to rank among the finest private residences created in Britain in recent years, was guided at £32mn.
Financial Times: How Knight Frank is trying to shed its fusty image
Knight Frank's Chair William Beardmore-Gray discusses diversity, growing pains & the 'complicated game' with the FT.
By PrimeResi
HBA Residential installs super-prime specialist as creative director
Katie Earl takes creative helm at luxury resi arm of hospitality design giant Hirsch Bedner Associates.
Wealth on the Move: Europe’s top relocation destinations for HNWIs
Knight Frank takes a deep dive into what's driving prime housing demand among wealthy expats in Europe, delving into property trends, lifestyle, tax and policy shifts.
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Former Hamptons director acquires ‘design-led’ estate agency Aucoot
Boutique firm unveils new-look senior team & sets sights on expansion within & beyond London.
Voluntary ‘mansion tax’ could be coming to Surrey
Local council looks to rally support for a 'bold' idea pioneered in Prime Central London.
Young professionals are ‘flocking’ to the West Country, says buying agency
An influx of new permanent residents since the pandemic 'has changed the dynamic for many towns in Cornwall', says Black Brick.
By PrimeResi
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In Pictures: Important Arts and Crafts mansion in Hertfordshire seeks £25mn
1901 specimen is regarded as one of the finest works by the architect George Walton.
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IN PICTURES: How a NYC-based studio approached a 'very special opportunity' to work in one of London's most iconic buildings.
Winkworth reports rising revenue as sales ‘return to more normalised levels’
'2024 is proving to be a much more positive year for Winkworth than 2023,' says Chairperson Simon Agace.
By PrimeResi
Bumper summer for boutique London estate agency
Arlington Residential reports 'surge' in sales & listings across neighbourhoods from Marylebone to Hampstead.
Rightmove steps up support for Women in Estate Agency group
Influential industry organisation is rolling out a new leadership training programme and new regional events to help promote equality across the estate agency sector.
By PrimeResi