Mortgage approvals sank to a record low mid-lockdown, unsurprisingly
With surveyors unable to visit properties, a mere 9,300 approvals for house purchase were recorded by the BoE in May, 90% below pre-pandemic levels
Mortgage borrowing falls from a record high, but approvals rise
The Bank of England reports that net mortgage borrowing fell from a record £11.5 billion in March to £3.3 billion in April.
By PrimeResi
BoE records four-fold increase in mortgage approvals
...but June's total of 40,000 was still 46% below February’s pre-Covid level of 73,700.
By PrimeResi
Mortgage arrears hit ‘an all-time historic low’
The number of both homeowner and buy-to-let mortgages in arrears has fallen compared to last year
By PrimeResi
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‘An important moment for independent agency & brokerage in the UK’: Harding Green acquires The London Broker
Industry heavyweights join forces to ‘supercharge’ the UK broker model.
Autumn Budget ‘to hit 100,000 properties with mansion tax’
Latest rumours suggest a revaluation of homes in F, G & H Council Tax bands is likely.
By PrimeResi
Deal sealed on £35mn Scottish Borders estate
One of the biggest country sales of the year completed last week.
Top Chestertons & Foxtons agents join UK Sotheby’s International Realty
Brokerage adds luxury specialists Stephanie Russo & Thomas Brooks to its growing PCL team.
Fatemi & O’Brien named among Sotheby’s top global property brokers
PCL duo achieve top-tier status across brand's 26,100-strong worldwide real estate network.
Strutts continues high-level hiring spree in PCL
Toby Downes has returned to the 140-year-old property agency after holding senior positions with Savills, Redbook & Haringtons.
By PrimeResi
Buyers compete over rare unmod townhouse in Notting Hill
Stucco-fronted property just off Westbourne Grove went for well above asking after becoming available for the first time in over 40 years.
‘Fortune favours the brave’: Inside the Chelsea sale that defied the market
Jamie Hope reveals how a bold pricing strategy on Glebe Place sparked a bidding frenzy and delivered 20% over asking - amid some of the toughest conditions in recent memory.
By Jamie Hope
Six Trends: On wealth mobility & global super-prime markets in 2025
UK buying agency Garrington highlights some key patterns & demographic shifts for luxury property agents targeting the world's super-rich.
By PrimeResi
£24mn Notting Hill mansion changes hands in ‘landmark’ deal
Stucco-fronted Grade II-listed Allom masterpiece sells after more than 20 years in the same ownership.
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Mansion tax modelling flags £13,700 bills for second homes
Hamptons analysis finds over 3,300 £2mn+ second homes exposed to dual surcharges as revaluation looms.
A safe harbour in a stormy sea: Inside the great wealth migration
The global wealthy are on the move - and Europe is emerging as a key magnet, reports Knight Frank's Kate Everett-Allen.
Specialist country house agency hits £500mn sales milestone
Strutt & Parker alumni Andrew Russell & Ben Bentley’s boutique firm unveils debut TV campaign as it toasts 'remarkable chapter'.
Global design studio Blink lands in London
Clint Nagata's luxury-focused firm expands with new UK base, helmed by some well-known industry figures.
Harding Green adds another SW London specialist
Peter McCosh previously ran the Savills sales team in Battersea.
By PrimeResi