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.
What to read next
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
Power struggle at major family-run estate agency
Boardroom rift heads to the High Court as AIM-listed firm launches proceedings against its chairman.
By PrimeResi
From Reel to Deal: Instagram lead ends with £16.5mn Chelsea sale
Luxury agency says social media is increasingly acting as a 'sophisticated catalyst' for big-ticket property deals.
In Pictures: Inside a £22mn Chelsea villa with one of RBKC’s last big basement builds
PCL agency lands one of the season's standout instructions in the Boltons Conservation Area.
Star Douglas Elliman broker targets London’s super-prime market
Luxury NYC specialist secures exclusive US representation for raft of landmark developments as American demand continues to build.
China launches retroactive tax crackdown on wealthy citizens’ offshore assets
Beijing is said to be pursuing HNWIs for unpaid tax on overseas assets going back decades.
By PrimeResi
RBKC agency Russell Simpson expands with new SW London office
The former Head of Sales at John D Wood in Parsons Green will be leading the new operation.
Prime London transactions up 14% as more buyers come off the sidelines
Knight Frank says buyers and sellers have become 'hardened to the volatility' as latest numbers suggest an improving picture across the prime postcodes.
Georgian gem changes hands on Fitzroy Square in off-market deal
Demand for best-in-class homes is driving top-end activity in PCL, says agency behind latest benchmark sale.
‘A home is the centre of family life, not an untapped tax stream’: Wealthy London boroughs unite against ‘mansion tax’
RBKC, Westminster, Richmond & Wandsworth say residents could end up paying more than half of the proposed national levy.
UK Sotheby’s recruits former Anderson Rose director
Scott Joseph will cover Prime Central and North West London from the brokerage's St John's Wood office.
LATEST ARTICLES
New York’s pied-à-terre tax paused after nearly a million properties swept into rollout row
Homeowners launch legal challenge to implementation, arguing City Hall ‘arbitrarily and capriciously foisted onto New York City residents the burden of proving they are not subject to the Surcharge.
By PrimeResi
Grand Registry: Surveying last month’s biggest registered deals
A £23mn residence in Chelsea topped the latest rundown of officially recorded transactions.
Malins Group rolls out private client arm
Property group launches new division for owners restoring, remodelling and creating ‘exceptional’ homes.
Prime London Property Market Snapshot: Week 32, 2026
A third fewer sales were agreed across the capital's prime postcodes last week Vs the same seven day period last year.
By PrimeResi
‘Cottagecore boom’ cools as buyer demand drops by a third
Property portal tells of declining interest in country or coastal cottage around the UK, with sales volumes dwindling and prices under-clubbing the wider market.
By PrimeResi