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.
The latest Bank of England data show a slight drop in mortgage approvals.
“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 B…
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.
UK Sotheby's International Realty has recruited two industry veterans from Knight Frank to head up its new offering beyond the capital.
'Sensational' double-fronted residence near Harrods was created by one of London's top luxury developers.
In Pictures: Daniel Baliti and Jeremy Spencer's firm has secured planning consent for a significant resi-led scheme, located between The Whiteley and Park Modern in W2.
Georgian-inspired gem in Shropshire was built in a grand manner, using state of the art tech.
'Landmark' 50-storey tower at Bankside Yards is the tallest new resi structure currently under development in PCL.
This is the first phase of a 1,120-home redevelopment of Church Street in Marylebone - Westminster's largest regeneration scheme.
Jessica Del Gaizo has joined Knightsbridge Prime Property after a decade at some big-name corporate firms.
'Bricks and mortar has remained one of the most consistent investments one can make down the years and the long-term returns speak for themselves,' says Foxtons' boss.
Luke Hammond is 'the ideal candidate to grow the brand into previously unexplored territories in the capital', says F&C's MD.
'All we hope for is a reduction in SDLT,' says one London estate agency chief - 'however in reality I suspect there is more chance of stumbling across a unicorn in Regent’s Park!'
Luxurious Lygon Place townhouse is on the open market for the first time in over 100 years.
Jasper Colliver & Sam Wylie will be focusing on some popular postcodes as part of the house. Partnership network.
New partnership is 'set to redefine the standards of luxury living and travel,' says Nest Seekers.