Mortgage approvals are up 26% on the year
Mortgage approvals for house purchases are now 'back to 94% of their pre-pandemic level,' notes Savills, despite fresh Bank of England showing a slight month-on-month dip.
Mortgage approvals have fallen by 26% in the last year
Mortgage lending has dropped to the lowest level on record, if the period since the onset of the Covid-19 pandemic is excluded.
Property industry reactions: Mortgage approvals climb for fifth month
'The recovery in housing market activity is taking hold despite an uncertain start to the year for mortgage rates,' comments Simon Gammon, Managing Partner at Knight Frank Finance.
Mortgage approvals rise again as borrowing costs ease
40% more home purchase mortgages were approved in January this year than in January 2023.
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Creative spaces & hotel suite equivalence: Studio boss predicts ten property & design trends for 2025
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Building Businesses: 2024’s top prime estate agency mergers & acquisitions
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Price reductions climb to a record high
38% of 2024's concluded property listings had their asking price trimmed at least once - but estate agents are not to blame for over-pricing, argues data company.
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Ranked: Britain’s most expensive streets in 2024
Lloyds Bank's annual rundown names Knightsbridge as the UK's priciest address, with last year's title-holder Grosvenor Square falling to third place.
Knight Frank predicts ‘a sober 2025 for global prime housing markets’
Dubai, New York, Geneva and Paris are likely to see top-end residential values rise next year, but other international wealth hubs could see prices fall.
Housing market ‘ends 2024 on a high’ as sales pipeline runs hot
'It remains a buyer’s market and signs of increased caution amongst home buyers will keep UK house price growth in check over 2025,' says Zoopla.
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