The ONS' miscalculation of a crucial labour cost figure could lead to "one or two" extra interest rate hikes
A blunder by the Office for National Statistics (ONS) in which it miscalculated a crucial measure of labour cost inflation could lead to Bank of England policymakers signalling the need for "one or two" more interest rate hikes over the next two years, the man who spotted the error has said.
A 1% interest rate rise would cost mortgage-holders £10bn
A 1% rise 'would add £10bn to the UK's mortgage bill', says Savills, which works out at around £930 per year per mortgaged household...
By PrimeResi
BoE raises interest rates for the for the first time in a decade: Property industry reactions
"No surprise" from the prime resi sector as the Monetary Policy Committee votes 7-2 to increase the base rate from 0.25% to 0.5%
By PrimeResi
Five-year fixed rate mortgage costs fall as borrowing becomes cheaper around the world
“We have often thought that rates can’t go any lower, but here we are again,” says David Hall of Knight Frank Finance
By PrimeResi
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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?
In Pictures: ‘One of the finest country estates in southern England’ seeks £58mn
Agents have been instructed to find a buyer for the extraordinary Laverstoke Park in Hampshire.
Big-brand luxury property brokerage launches ‘flagship’ West London office
UK Sotheby’s International Realty has opened a fifth branch in the capital, setting up shop with a strong team on Kensington Church Street.
By PrimeResi
£50mn trio of trophy apartments sold at 9 Millbank
Series of super-prime sales at the landmark St Edward scheme marks a 'significant milestone' for Westminster's property market, says agency.
‘Britain’s most daring property developer’ to race in 14,500km motor rally
John Caudwell has been inspired by the links between the famous Peking to Paris Rally and his £300mn resi project on the French Riviera.
Turning the page: Why it’s time to exit the ‘Wexit’ echo chamber
It would be impossible for prime markets not to feel the impact of recent tax changes, but the reality of the 'wealth exit' on the ground is different from the media perception, say top property advisors…
Mayfair resident ordered to undo unlawful basement works at historic townhouse
'Those who ignore planning rules will be held accountable,' Westminster officials warn.
Former Berkeley Group sales boss joins Harding Green
Radhika Bedford previously ran sales for Berkeley's St George brand in North London.
By PrimeResi
Imposing Berkshire school site pitched for sale with resi potential
'Opportunities of this scale and heritage rarely come to market,' says Knight Frank.
By PrimeResi
Historic Chelsea gem with artistic pedigree hits the market at £9mn
Buyer sought for 'once-in-a-lifetime opportunity' between the King's Road and Fulham Road.
LATEST ARTICLES
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?
In Pictures: ‘One of the finest country estates in southern England’ seeks £58mn
Agents have been instructed to find a buyer for the extraordinary Laverstoke Park in Hampshire.
PCL agency Russell Simpson teams up with NYC brokerage Leslie Garfield
New partnership will see the longstanding boutique property firms sharing market knowledge and cross-promoting 'exceptional' listings.
Rightmove flags surge in American demand for British homes
Scotland overtakes London as top target for US buyers, with investment interest leading the charge.
By PrimeResi
Prime Central London ‘is now a buyer’s market in many respects’ – Winkworth
Estate agency reports 'confident' start to 2025 in PCL despite fewer sales & deeper discounts
By PrimeResi