Mortgage lending drops, ‘confirming that the froth has come out of the market’
The average mortgage value was £235,474 in February - a significant 4.6% higher than the previous month, and 10.4% up one the year.
Mortgage lending stays well-above pre-pandemic norms
The latest Bank of England data show a slight drop in mortgage approvals.
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 approvals climb to highest level since 2007
The latest Bank of England figures show a continued increase in mortgage lending since the Spring Coronavirus lockdown.
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Top-end developer appoints agents at boutique Mayfair scheme
REDD gears up to launch sales at latest project on Charles Street, after early off-market deal sets £5,000 psf benchmark.
Fairway Capital tees up £50mn Belgravia mews scheme
Conversion of historic garage site to deliver first complete terrace of new mews houses in the neighbourhood since the 1950s.
In Pictures: Inside an ‘ultra-high-end’ renovation project in Knightsbridge
Rigby & Rigby is collaborating with NJF Design to create a 'one-of-a-kind' residence on Walton Place.
Walter Lilly merges with Size Group
Specialists join forces to create 'high quality multi-sector construction craft group'.
Luxury apartment block hits the market in Hampstead
Buyer sought for rare prime resi investment opp in one of London's top neighbourhoods.
DDRE boosts Home Counties coverage
High-end brokerage adds two new advisors targeting prime markets beyond the capital.
Peter Jackson: What’s next for tall residential-led buildings?
One of SOM's London-based leaders talks us through the latest advances in tall building design, and explains how a new wave of schemes are attracting - and retaining - residents.
Boutique agency signs up former Hamptons associate director
New house. Partnership Regional Partner Matthew Gilbert was until recently in charge of Hamptons’ Richmond, East Sheen & Barnes offices.
Knightsbridge named UK’s ‘slowest’ property market
Listings in the PCL neighbourhood are taking an average of 135 days to find a buyer, new Rightmove analysis shows.
Rare Palace Green apartment seeks £20k per week
Agency lists 4,126 sq ft lateral on 'one of the most exclusive streets in London'.
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Savills recruits Knight Frank’s Gigi to head Hampstead sales
Agency confirms 'major' resi appointment in north London.
Former Black Brick partner launches ‘private property network’ for agents
Over 100 firms have already signed up to Caspar Harvard-Walls' London-based platform, Oskar.
UK is ‘worst in the world for millionaire exits’, warn economists
The Adam Smith Institute believes the share of the UK population who are US dollar millionaires will fall by a fifth over the next four years, thanks to 'a hostile culture for wealth creators'.
By PrimeResi
In Pictures: High-spec Wimbledon Village mansion seeks £15.5mn
Super-prime listing on prestigious Parkside comes with 'best in class' amenities including a pool, sauna, ice pool & private cinema.
Prime London rental growth back to ‘historically normal levels’
Annual change of 1.1% was recorded in PCL in September, the first time the figure has been below 2% since mid-2021.