BoE raises interest rates by 0.5% to 2.25%
The UK's base rate of interest has been rising since December 2021, as the Bank of England attempts to keep a lid on inflation.
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…
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 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
Most read
Major London estate agency accused of ‘a culture of sexual harassment, antisemitism, racism & bullying’
'Any matters of sexual harassment or misconduct are taken extremely seriously, thoroughly investigated and in no way tolerated,' says Foxtons in response to a Bloomberg investigation.
By PrimeResi
One Hyde Park residents sue over alleged defects
Corroded pipes could cost £35mn to repair, suggest lawyers for super-prime Knightsbridge home-owners.
By PrimeResi
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.
Hamptons installs new Kensington sales boss
Former Sotheby's director to lead agency's high-profile operation in W8.
In Pictures: ‘Iconic’ Kensington penthouse seeks buyer
'Garden in the sky' was created in the early 1960s & sits at almost the highest point in the Royal Borough.
Property Listenings: Three real estate podcasts to hear this month
Catch up on fascinating conversations with industry insiders in PrimeResi's new regular round-up.
International buyer picks up £15mn Mayfair townhouse
Knight Frank's Mayfair & Private Office teams collaborate on sale of 'exceptional' property near Hyde Park.
25 Years On: How the super-prime lettings landscape has changed since the turn of the millennium
Today's top-end tenants are a lot more footloose & want the comfort of five-star hotel living, explains Amelia Greene.
Key launches, challenges & trends in London’s new homes market
Sales are proving strongest for build-complete homes, and nearly a third of developers are expecting stronger reservation volumes in 2025, reports Anna Ward.
By Anna Ward
Foxtons responds to Bloomberg allegations
'Much progress has been made already,' says the high-profile London estate agency in response to recent criticism of its workplace culture, but 'we understand that more can always be done and we will be…
By PrimeResi
LATEST ARTICLES
‘A transformative project for London’: The Whiteley’s spectacular grand opening, in pictures
£1.5bn West London scheme arrives in style with lavish 600-guest party; ushers in 'new era' for Queensway.
Government heralds ‘beginning of the end for the feudal leasehold system’
New leasehold flats are to be banned, with commonhold promoted as the 'default tenure'.
By PrimeResi
Charlie Ellingworth: A ‘tour d’horizon’ of the prime property market in 2025
Property Vision's co-founder runs through some of the major developments & legislation that have shaped, and are shaping, the landscape in London & the country.
In Pictures: Inside ‘one of the widest & most impressive’ homes in Regent’s Park
Grade I-listed mansion-and-mews combo on Hanover Terrace measures over 7,700 sq ft & has views across the iconic boating lake.
Mortgage lending climbs but new approvals dip
Total borrowing for house purchases has been rising since April 2024.
By PrimeResi