Main image: The Bank of England
Bank of England cuts interest rates to historic low of 0.1%
Emergency move marks the second rate cut in eight days
BoE cuts interest rates in response to ‘the economic shock from Covid-19’
The Bank of England has cut the base interest rate by 0.5%, taking it back down to a mere 0.25%, as part of a package of emergency measures to cope with the economic effects of the Coronavirus outbreak.
Mortgage arrears hit ‘an all-time historic low’
The number of both homeowner and buy-to-let mortgages in arrears has fallen compared to last year
A 1% interest rate rise would cost mortgage-holders £10bn
A 1% rise 'would add £10bn to the UK's mortgage bill', says Savills, which works out at around £930 per year per mortgaged household...
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Knight Frank begins redundancy consultation process
Agency says fewer than 3% of its UK workforce could be affected.
The Great Fragmentation: New data charts super-prime London’s shift from two-agency dominance to a field of fifty
Exclusive: Analysis of 70 £10mn-plus sales confirms a striking shift in how PCL's biggest deals are being brokered.
Record deal sealed on Pimlico’s St George’s Square
Rare freehold townhouse changes hands at close to £10mn asking.
First Look: Albion Nord completes £6.7mn show home at Bishops Avenue Gardens
Arts & Crafts meets luxury living in first apartment to be unveiled at new Billionaires' Row scheme.
Salboy launches fourth central London scheme
Studio Power has designed the ten-apartment scheme in Camden for Salboy & Forge Homes.
Rare and historic homes change hands as north London’s top end stirs
Savills reports a busy few weeks in Hampstead and St John's Wood, with buyers snapping up blue-plaque houses, trophy homes and a £13.5mn mansion conversion project.
‘Bold buyers snap up deals’: Super-prime agent calls for ‘the end of caution’ in PCL
'Decisive buyers are dominating,' says Peter Wetherell, following a five-day five-deal run worth nearly £25mn.
Family office buys mixed-use property parade in South Kensington
Eastway Estates spent £11mn on the row of buildings on Bute Street.
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Property Industry Reactions: Starmer resigns, opening the door for a Burnham premiership
It's a 'double whammy,' says Becky Fatemi - 'uncertainty over future policy, followed by concern about the policies themselves.'
London Square buys 800-home Earl’s Court scheme
Aldar-owned developer completes another significant resi acquisition in SW London.
Strutt & Parker recruits Knight Frank’s Glanville to lead prime cities push
BNP Paribas-backed agency steps up expansion across key regional markets.
In Pictures: Regent’s Park’s Silk House seeks £16k per week
PCL agency pitches award-winning trophy let with 'every conceivable contemporary luxury on a billionaire's wish list'.
Russell Simpson bolsters Mayfair lettings team
PCL specialist joins firm's Mayfair & Marylebone operation from Clifton Property Partners.