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...
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%
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
Most read
Foxtons’ Isidro appointed COO of UK Sotheby’s International Realty
Luxury agency announces another big-name hire as dramatic scaling-up continues.
In Pictures: Iconic Portland Place mansion lists at £75mn following ultra-prime makeover
Adam-designed trophy home has been 'reimagined for 21st century living' by MSMR Architects and 1508 London, at a total cost of nearly £50mn.
PCL super-agent Lloyd returns to Beauchamp Estates
Charles Lloyd, aka 'Mr Mayfair', has rejoined the luxury agency from CBRE.
Royalton mega-mansion in Surrey fetches record price
Julian Bicknell-designed stunner is the most expensive home sold on St George’s Hill this year.
Boutique PCL agency hires Foxtons high-flyer
Edvin Griskin won numerous awards as a top negotiator at his former firm.
A London borough has been crowned Rightmove’s ‘happiest place to live’ for the first time
'Having access to nature and green spaces is more important to residents than having access to public transport, shops and restaurants, and employment opportunities,' says Rightmove after surveying 26,000…
Watch: Touring ‘the most expensive house in the world’
YouTube star & luxury real estate agency team up to showcase the '$1bn' Chateau Du Champs De Bataille in Normandy, which is now up for rent.
Specialist lender refinances £175mn London mansion
Cohort Capital completes another PCL mega-deal as ultra-prime sector 'remains well insulated from wider economic headwinds'.
LATEST ARTICLES
Elicyon founder Charu Gandhi on building a top design brand, finding the right balance & visualising the ‘perfect client’
PrimeResi x Plugged in: Continuing a series of in-depth interviews with key players from the world of design, Jason Bailey catches up with Charu Gandhi, founder of acclaimed interiors studio Elicyon, to…
In Pictures: Luxe loft-style duplex in Kensington seeks £21.75mn
Architect Chakib Richarni and developer Interlitrade combined two separate apartments to create this vast 5,600 sq ft duplex on De Vere Gardens.
Berkeley Group reports ‘strong performance’ despite slump in reservations
Housebuilder's net reservations were a third lower in its latest financial half-year than the corresponding period in 2022 - "reflecting the sharp increase in interest rates and the ongoing elevated political…
Knight Frank upgrades global house price forecasts as ‘some prime buyers appear confident that the worst is now behind us’
'Cautious optimism is emerging as prime buyers consider economic headwinds to be easing,' says Knight Frank, as the property firm raises its outlook for international resi price growth in 2024.
In Pictures: Historic Cotswold Manor House offered for £16,950 per month
Stanley Park has been renovated into an extraordinary and rare rental home.