Property industry reactions: Bank of England hikes base rate again, to 5.25%
Featuring analysis from Chestertons, JLL, Knight Frank, Rightmove, Savills, Zoopla and more.
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Industry Reactions: Bank of England raises base interest rate to 5%
'If we don't raise rates now, it could be worse later,' explains Bank of England chief, as interest rates climb to a 15-year high.
By PrimeResi
‘It could’ve been worse’: Property industry reactions to the Autumn Statement 2022
Chancellor Hunt has slashed CGT allowances, time-limited Kwarsi Kwarteng's Stamp Duty cuts, and subjected many more people to the top rate of Income Tax - but the run of tax increases come will come into…
Budget 2021: Property industry reactions
"This Budget could be regarded as a reprieve for the housing industry," says one commentator, while others bemoan an "underwhelming" speech...
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Deals & Data: London’s £15mn+ market rebounds in blockbuster first half
Record-breaking sales, resurgent international demand and a surprise winner among the capital's super-prime neighbourhoods - but buyers are still calling the shots.
Property Industry Reactions: New PM Burnham installs Downing Street team
UPDATED: Former Defence Secretary John Healey replaces Rachel Reeves as Chancellor of the Exchequer; Angela Rayner returns to the Cabinet as Housing Secretary.
By PrimeResi
Foxtons warns of sharp profit drop; prepares for ‘a prolonged lower transaction volume environment’
Estate agency says 'trading has been adversely impacted by the prolonged downturn in the sales market, as well as short-term volatility in the lettings market.'
By PrimeResi
Branded residence boom hits new heights as $200mn Aman penthouse finds buyer
Unfinished Beverly Hills residence is reportedly under offer at more than five times LA's current condo sales record.
Knightsbridge developer cuts resi for hotel & spa scheme
RBKC has approved a PLP-designed hotel/spa on Pavilion Road, replacing an earlier mixed-use consent with apartments.
By PrimeResi
Has Hamilton Terrace become NW London’s hottest address?
The St John's Wood street has notched up almost £100mn of house sales in the past 12 months.
Knight Frank launches ‘second phase’ of broker recruitment drive
The big-brand estate agency has received 130 enquiries from would-be self-employed brokers so far, with eight being appointed in the last eight weeks.
By PrimeResi
Interview: Caitlin Ure of GBR on the business of branded residences – and what’s next for the sector
Why do some branded resi schemes command huge premiums while others fall short?
Knight Frank signs new Mallorca agency partnership
Balearic agency boss heralds 'a full-circle moment'.
By PrimeResi
Savills: Prime landlords reassessing rents as costs mount
Many are reviewing rental values and adjusting portfolios in response to growing regulatory, tax and borrowing pressures, says agency.
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Latest Forecasts: Knight Frank predicts stronger growth across global prime markets
Brighter conditions expected across the world's top luxury housing markets in 2027, with Asia leading the pack, Milan outperforming in Europe - but London still under pressure.
Green light for major new East London resi tower
Patel Taylor-designed project will replace an ageing office building with 820 homes overlooking South Dock.
Industry Reactions: Annual house price growth slows to 2.7%
Latest official data shows the national annual rate of property price inflation fell sharply in May. 'The market is holding steady rather than collapsing,' comments one London estate agent.
By PrimeResi
St John’s Wood mansion trades in £29mn deal
Latest NW8 mega-deal revealed in official records.
Moveli recruits another senior agent from Hamptons
Self-employed agency has tripled its broker count in the last two years.
By PrimeResi