Mortgage borrowing climbs 3.8%
More than 95% of new mortgages agreements are on fixed-rate terms.
The latest official house price index tells of a 1.2% monthly increase for the average UK home in May, up from a 0.4% rise in the same period last year.
The property market is "rife with nerves", says Knight Frank Finance after looking at the latest BoE mortgage numbers.
The number of home-buyer mortgage approvals has fallen below the pre-pandemic average, according to the Bank of England. “Higher interest rates are starting to bite," says Savills.
Companies in this articleSavills
The Prime Minister and Chancellor will announce a reduction in property transaction taxes on Friday, suggests The Times.
After 24 years at Foxtons, Bennett has taken the helm of Beauchamp Estates’ high-profile sales team in Mayfair.
Luxurious AvroKO-designed apartments promise 'the best of hotel living all year round'.
Chelsea-based firm has operated in the luxury property sector since 2013, delivering around 140 projects.
It's being reported that Friday's "emergency mini-Budget" will feature a cut to Stamp Duty. Is this wise, and what impact might such a move have on the property market and on the wider UK economy?
Commission-only property brokerage Nest Seekers is offering a three-month placement to the winner of a new BBC Three show.
The new barometer of luxury is health, says PCL developer Almacantar.
A surprisingly mixed set of responses from the property sector, featuring insights from Savills, Knight Frank, Rightmove, Maskells, Cluttons, Jackson-Stops, JLL, Winkworth, Carter Jonas, Chestertons, …
The nil-rate Stamp Duty threshold has been doubled to £250k, effective from today.
'How these instructions translate into sales will provide a good barometer for the wider health of the market in the months ahead', says LonRes.
Since 2008, renovations and alterations to residential properties that have been empty for at least two years are eligible for a reduced VAT rate of 5%, writes Nick Cunningham of Stacks Property Search.