Main image: Mortgage approvals (seasonally adjusted), via the Bank of England
Mortgage lending climbs but new approvals dip
Total borrowing for house purchases has been rising since April 2024.
Unexpected dip for mortgage lending in November
Bank of England data show a decline in mortgage approvals as 2024 drew to a close.
Industry Reactions: Mortgage lending bounces back
Mortgage approvals were up 28% year-on-year in December, and the Bank of England thinks 'there is still optimism for further mortgage approval increases in the coming months, if bank rate cuts materialise.
Mortgage approvals rose again in October – BoE
'The mortgage sector is set for an extremely busy end to 2024 and an explosive start to 2025,' declares Alexander Hall chief Richard Merrett, in response to the latest Bank of England data.
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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.
One Hyde Park residents sue over alleged defects
Corroded pipes could cost £35mn to repair, suggest lawyers for super-prime Knightsbridge home-owners.
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.
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…
LATEST ARTICLES
Mortgage lending climbs but new approvals dip
Total borrowing for house purchases has been rising since April 2024.
Knight Frank: UK housing market resilient with inflation risks on horizon
The question now is whether the spring market will blossom in the normal way, writes the agency's head of UK resi research Tom Bill.
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.
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.
Property investment giant plots £2bn+ residential drive
Landsec is shifting its focus away from offices and towards residential real estate assets.