BoE nudges interest rates up to 0.25%
"The rise has been a long time coming, and with inflation now at decade high levels, there really is little alternative," comments Strutt & Parker, while Knight Frank Finance says "it’s clear that the Bank of England believes the economy will shrug off most of the effects of Omicron." Chestertons thinks the increase will "have very limited impact on property buyers and existing homeowners."
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.
BoE bumps base rate up to 1.25%
Britain's central bank hikes interest rates again in a bid to curb inflation.
Bank of England nudges interest rates up to 0.75%
The BoE's Monetary Policy Committee has raised the base rate of interest by 0.25%, to the highest level since the start of the Covid-19 pandemic.
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Paterson sells UK Sotheby’s International Realty
Owner of Sotheby's Dubai and the Middle East region confirms acquisition of UK business
Ranked: The ten ‘most prominent’ estate agency brands in Britain
One prime estate agency has listed properties for sale in more than half of the nation's postcodes in the last six months, significantly out-covering any other brick-and-mortar firm.
Redbook recruits Savills’ Chenevix-Trench as Head of Property
Poppy Chenevix-Trench has moved on from the Savills Private Office, becoming the latest high-level addition to Sandy Mitchell's Redbook Agency.
Strutt & Parker hires PCL specialist from Savills
Charles Medina has moved from Savills to become a Director at Strutt & Parker in Mayfair and Marylebone.
Keir Waddell: Five PCL developments that will define five trends in 2023
Strutt & Parker's London new homes sales chief reflects on the big themes to emerge in the prime development sector lately, and the projects currently setting the tone in the luxury market...
By Keir Waddell
Green light for major new Finchatton project in Kensington
Super-prime developer expands into education, securing planning for a new school for Thomas’s Kensington, along with new apartments & townhouses
Dexters buys Marsh & Parsons for £29mn
Another major acquisition creates London's biggest estate agency network.
£900mn year for Knight Frank’s regional resi development teams
The agency is looking to grow its regional resi development business by 50% over the next five years
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