Mortgage lending drops below pre-pandemic levels
Net mortgage borrowing and mortgage approval numbers are both now below their 12-month pre-pandemic averages, says the Bank of England.
Mortgage lending stays well-above pre-pandemic norms
The latest Bank of England data show a slight drop in mortgage approvals.
‘A welcome shift towards more balanced conditions’ as property market returns towards pre-pandemic conditions
"It is encouraging to see far calmer and more consistent conditions prevailing," says Landmark Information boss.
Rental growth hits double figures – but it’s becoming cheaper to rent than to buy as mortgage costs climb
Central London rents are bouncing back hard from pandemic depths, suggests Hamptons' latest letting index.
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Rightmove faces November hearing in £1.5bn agent fees claim
A big proposed collective action law suit will be considered by the Competition Appeal Tribunal later this year.
By PrimeResi
Government unveils detailed blueprint for new high-value homes levy
Consultation sheds light on how England’s so-called ‘mansion tax’ could work in practice - including key timelines and a potential premium for overseas owners.
New £100mn PCL fund completes first acquisition
Catalyst & REDD acquire rare Belgravia development project as 'opportunistic' investment drive gets underway.
Savills instructed on £45mn Georgian estate with over 1,700 acres
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Maskells recruits Mayfair specialist Holmgren
The agency's new Director previously worked at Beauchamp Estates.
By PrimeResi
Buyer swoops on long-standing super-prime listing in Belgravia
Switzerland-based purchaser exchanged on turnkey mews amalgamation within a week of viewing.
Prime London sales market picks up as under-offers turn into transactions
Latest LonRes analysis suggests buyer activity is improving and agents are feeling more positive, though vendors are still facing tough competition.
Self-Employed Vs Traditional: Estate agents’ performance compared
Analysts claim self-employed brokers are ‘more likely to sell a property’ than traditional estate agents.
By PrimeResi
Labour leadership hopeful proposes a ‘wealth tax that works’
Wes Streeting wants to equalise Capital Gains Tax rates with Income Tax.
By PrimeResi
HNW law firm heralds revenue ‘milestone’
Boodle Hatfield's 'strategic focus on private capital' seems to be paying off.
By PrimeResi
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Foxtons adds investment guru as non-exec
Farah Buckley 'brings considerable expertise in growth, innovation and strategy ... with a particular focus on technology.'
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‘Exceptionally rare’ Cadogan Square cottage sells off-market
Freehold gem with garden and parking, available for the first time in half a century, changes hands following discreet campaign.
Agency reports ‘renewed momentum’ in prime country markets as demand jumps 50%
Strutt & Parker's voice joins a gathering chorus confirming a spring sales flurry for top-end country houses.
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In Pictures: High-tech Hampstead mansion project pitched at £29.95mn
Recently-established agency Draper London has been instructed to sell a tech maven's north London work-in-progress, complete with 'Batcave' style basement.
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