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.
Most read
Vabel swoops on second Queensway site
Property developer tees up major new project opposite The Whiteley as area's £3bn revamp gathers pace.
Fast-growing brokerage signs up another prime London specialist
Over 15 agents have joined Moveli's network so far this year.
Luxury Holland Park Villas apartment heads to auction
Rare unit at the exclusive Kensington scheme is guided at nearly £6mn.
Savills Private Office expands in the US
UHNW-focused division adds to line-up following success in New York, Miami, London, Paris & the French Riviera.
‘Resilience’ abounds as prime property agents anticipate a buoyant Autumn market
Property prices across Prime Central London remain -19% down on their previous peak a decade ago, says Savills, 'suggesting it is still a case of when, and not if, a stronger recovery takes hold.'
Belgravia retains crown as PCL’s £5mn-plus sales hotspot
15% of all high-end deals recorded across the capital in H1 took place in the district, as its appeal grows amongst younger HNWIs.
In Pictures: Design studio creates ‘the ultimate family experience’ at super-prime Bayswater scheme
1508 London unveils a prestigious penthouse project at Fenton Whelan's Park Modern scheme overlooking Hyde Park.
In Pictures: Top designer lists ‘haute-luxe’ Nash townhouse in Regent’s Park
Sixty3 London co-founder Charlotte Green has spent the last four years refurbishing this 1830s specimen as a family home.
Historic Hampshire monastery hits the market
Agents expecting significant interest in 'exciting & unique' development opp.
Major broker platform moves into the buying agency arena
'Buyer representation is very much the next chapter in British Estate agency,' says Richard Rawlings, who is leading a new programme for Adam Day's eXp UK.
LATEST ARTICLES
Super-prime mansion sale ‘sets new benchmark’ in Twickenham
Listed at £15mn, River Grounds Manor has been acquired by a 'very patient' Savills Private Office client, who 'was waiting to find something truly exceptional'.
Selbo to lead Knight Frank’s sales team in St John’s Wood
Agency installs new head of sales at one of its top-performing offices.
Rightmove’s revenue jumps 7%
Property portal Plc reports 'a strong financial performance during a period of investment, driven by continued demand from agents and new homes developers for our products and services.'
Postcard from Marrakech: Sustainability, branded residences & a ‘reverse exodus movement’ from Europe
Jawad El Hassani Sbai talks us through 'a vibrant period of growth and transformation' for the Moroccan property market.
Music mogul’s ‘breathtaking’ Hawaiian compound seeking bids to the tune of $33mn
The beachfront estate on Maui is 'a testament to refined coastal living and architectural brilliance,' says Concierge Auctions.