Mortgage lending rises back above pre-pandemic levels
Net borrowing of mortgage debt by individuals increased to £7.4bn in May from £4.2bn in April, according to the Bank of England's Money & Credit data. This is above the pre-pandemic average of £4.3bn in the 12 months up to February 2020.
Mortgage lending stays well-above pre-pandemic norms
The latest Bank of England data show a slight drop in mortgage approvals.
Mortgage approvals slip but remain above pre-pandemic levels
“After the roller-coaster ride of the stamp duty holiday, activity levels in the UK housing market will feel tame by comparison in the final months of this year," says Knight Frank research chief Tom…
By PrimeResi
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.
Most read
Knight Frank boosts billionaire division with Head of Global Private Capital
International property consultancy rolls out new strategy to 'align its capabilities across super-prime residential, global capital markets & capital advisory.'
By PrimeResi
Rich List 2025: Britain’s 50 wealthiest property tycoons
How did the UK’s biggest real estate players fare amid the turmoil of the last 12 months?
Luxury property developer scales up with five senior hires & new HQ
Valouran’s founders say the business has reached a ‘pivotal juncture’ as its PCL pipeline builds.
Top-end estate agency to list property prices in Bitcoin
Cryptocurrency pricing 'offers an engaging and modern lens through which to view property values,' says Moveli.
By PrimeResi
D&G recruits self-employed brokers in Dulwich, Fulham & Balham
Estate agency reports 'strong early momentum' in its search for 50 new partners this year, with new joiners moving from Winkworth & eXp UK.
By PrimeResi
International estate agency adds two senior recruits to fortify global network
Sarah Kemp & Yulia Klim have joined Chestertons Global to manage marketing & the affiliate network.
By PrimeResi
In Pictures: Kelly Hoppen picked to design £38mn ‘quinque-plex’ penthouse at Thames City
Excel Winner's near-10,000 sq ft 'sanctuary in the sky' is one of the largest & highest homes currently available in London.
By PrimeResi
Property firms strike gold at Chelsea Flower Show
Big wins for London Square & Hamptons as sponsored gardens take top honours at star-studded showcase in SW3.
‘Extraordinary’ Cotswolds development opp offered for sale
Agency lists rare chance to create a 9,500 sq ft contemporary super-home in an Area of Outstanding Natural Beauty.
‘This could be the moment to act for global investors’: Evaluating the UK’s prime residential markets in an era of uncertainty
Middleton Advisors & Yolande Barnes explain why the stage is set for a renewed influx of overseas investment in PCL & country markets.
LATEST ARTICLES
RBKC property prices sink to 11-year low
Analysis by the Financial Times shines a light on prime London's long-running property slump.
By PrimeResi
Design studio Sims Hilditch shifts to partnership model
High-end firm says 'progressive' leadership reshuffle will future-proof the business & reflects the evolving needs of clients.
£17.25mn Little Venice villa finds a buyer
'Totally unique' residence facing the Regent's Canal is one of the area's finest specimens.
In Pictures: Statement mansion on Lake Geneva promises a ‘sanctuary of refinement’
Byron Baciocchi's Unica Capital is bringing forward two ultra-prime projects in a Swiss village outside Geneva.
By PrimeResi
Market Snapshot: Parisian property shows ‘resilience despite a barrage of headwinds’
Knight Frank highlights four key trends to watch in Paris's prime residential markets this year.
By PrimeResi