BoE considers withdrawal of mortgage affordability test, as rates set to rise
“Letting people borrow more money looks like a risky move at a time when house prices are sky high and the outlook is uncertain," comments one analyst as the Bank of England opens a consultation on loosening mortgage lending rules.
BoE drops mortgage affordability test
"Removing the current stress testing could mitigate some of the impact of higher interest rates," suggests Savills, and is "not as reckless as it may sound".
BoE raises interest rates to a 13-year high
The Bank of England expects interest rates to climb to around 2.5% by mid-2023.
Mortgage lending set to ‘return to more stable levels of activity’ after 2021’s surge – UK Finance
"The outlook for the housing and mortgage markets over the next two years is for a return to more stable, balanced picture following the upheavals of the last two years," predicts banking trade body…
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Interview: Knight Frank’s resi chief Tim Hyatt on navigating a ‘complicated’ market & how the business is planning for the future
'I don't think I can ever remember being in such a confused, complicated, exciting market': PrimeResi discusses digital modernisation, industry fragmentation & market predictions with the high-profile…
Rare resale for super-prime Chelsea Barracks home
Knight Frank’s Belgravia office is celebrating a big deal that closed after just one viewing.
Knight Frank claims dominance in London’s prime & super-prime markets
High-profile agency updates on sales figures, market share & projections for 2025.
New recruit brings ‘fresh perspective’ to super-prime agency in Mayfair
Talya Reuben has joined Harvey Cyzer's team at OB Private.
Qatari Diar & Canary Wharf Group unveil final Southbank Place apartments
First Look: JV partners enter home straight at Thames-side mega-scheme, debuting new building designed by Stanton Williams & Albion Nord.
London records worst month for £5mn-plus sales since 2008
The top end of the market took an extended Christmas break in January, reports LonRes, and is 'unlikely to return to the highs of 2021 and 2022 any time soon'.
Boutique PCL agency bolsters team
Park Lord's new recruit has been specialising in the high-end markets of St John’s Wood, Little Venice, Marylebone for the last 35 years.
What do clients really want? Six big design trends for the year ahead
How will evolving tastes & preferences shape the design landscape in 2025 and beyond?
‘A new breed of super-prime tenant’: Top agencies report shifting trends in London’s luxury rental market
Savills has welcomed the arrival of 'a new breed of super-prime tenant' in the capital, while UK SIR flags a rise in high-value 'try before you buy' rentals.
London agencies report ‘rebalancing’ rental market with rising demand
Foxtons & Chestertons both saw increased tenant activity in January, but LonRes has highlighted low stock levels in the prime postcodes.
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‘Monaco’s property market is undergoing a dramatic divergence’ – Knight Frank
New-build prices are reaching 'new heights' in the super-prime principality, while the residential resale market is 'sluggish'.
Agency seals string of big-ticket deals in SW London
Resale records fall in Barnes & Wimbledon as a new generation of wealthy buyers seeks out London village living.
Creative agency’s double acquisition promises to ‘reimagine digital experiences & entertainment in luxury’
Together Group has acquired 'digital twin' specialists Visualisation One & IMERZA.
Expanding estate agency signs Olympian brand ambassador
Champion cyclist Victoria Pendleton has agreed to help eXp UK with marketing and training agents to have a 'winning mentality'.
Fine & Country adds Cambridge outpost
Husband-and-wife team Lee & Jane Taylor have bought into the upper-end estate agency franchise.