Banks limit lending on high-end homes
'Using an automated valuation and a bit of Google Street View is considered too legally risky for the more expensive properties', says one lender
Mortgage lending reaches a record high
Net mortgage borrowing reached an all-time high of £17.9 billion in June, according to the Bank of England - smashing the previous record, set in March 2021, of £11.5bn.
Opinions sought on new money-laundering rules for high-end letting agents
The EU's Fifth Money Laundering Directive is slated to come into play in January, requiring UK letting agents dealing in rents above €10k per month to carry out AML checks on their clients.
Mortgage borrowing falls from a record high, but approvals rise
The Bank of England reports that net mortgage borrowing fell from a record £11.5 billion in March to £3.3 billion in April.
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Record-breaking ultra-luxe scheme in Chelsea nears sell-out
Latest big-ticket sale at Orion's The Glebe leaves just one apartment remaining.
Notting Hill mansion vendor faces lawsuit over alleged moth ‘infestation’
Unusual case involving £32.5mn super-home centres on pre-sale enquiries & the legal definition of 'vermin'.
Boutique London property agency launches country house division
Harwood Advisory's new offering will focus solely on country acquisitions & specialise in the South West market.
Veteran agent joins Douglas & Gordon as a self-employed broker
Daren Haysom was formerly an Area Director with Foxtons.
In Pictures: Paolo Moschino-designed mansion in St John’s Wood seeks £40k per week
Palatial 10,700 sq ft residence has been kitted out with an array of 'indulgent' amenities, including an Annabel's-esque private club room.
Rare West End development opp sold at auction
Freehold building in Fitzrovia came with planning for an eleven-storey replacement housing four new duplex apartments.
Prime London sales market ‘bursts into life’ with best October since 2013
LonRes reports 'substantial turnaround' as transactions jump 55% year-on-year, while a significant rise in under offer numbers bodes well for Q4.
Ex-Chestertons sales manager joins US-style brokerage
Harding Green adds to its expanding roster of self-employed agents across London.
Mark Wells: AI is the future of property search, so why are the major portals holding back?
Algorithms can easily improve the process of finding the perfect home, says the boss of off-market platform Invisible Homes, so why would the big players leave an open goal like this?
In Pictures: Historic townhouse near Trafalgar Square seeks £10mn
Rare freehold on Craven Street, currently laid out as a one-bed, is 'a unique opportunity to create a masterpiece', say agents.
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In Pictures: £24.75mn show apartment unveiled at luxury Mayfair scheme, 60 Curzon
A flurry of sales have been finalised at the Art Deco-influenced project in recent months.
Rightmove predicts 4% growth for asking prices in 2025
Bullish forecast comes despite a 'larger-than-normal seasonal slowdown in pricing as we head towards Christmas'.
Buying agency flags ‘window of opportunity’ for house-hunters
It's shaping up to be a busy winter season for the property market, suggests Recoco.
Monday Market Review: Key figures & findings from the last seven days
Your essential five-minute briefing on the latest movements and commentary, featuring data and analysis from Hamptons, RICS, Rightmove, LonRes, Knight Frank, Garrington, Acadata & more...
Ending non-dom tax breaks has cost £140mn in ‘lost’ Stamp Duty revenue, claims agency
Knight Frank believes speculation over tax changes caused a 'shortfall' of 142 high-value property sales since March, resulting in a 'theoretical loss' in revenue for HMRC.