Main image: Mortgage applications and completions, 3-month moving average, year-on-year change
UK Finance: ‘House purchase activity looks to have returned to pre-pandemic norms – for now’
"It is too early to predict when escalating cost-of-living pressures will begin to bear down on effective demand," says UK Finance. "But, given current pressures from interest rates and inflation, some softening of demand is expected, whether this comes later in 2022 or next year."
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.
Mortgage lending stays well-above pre-pandemic norms
The latest Bank of England data show a slight drop in mortgage approvals.
Annual house price growth climbs to +12.8% – UK HPI
The latest official house price index tells of a 1.2% monthly increase for the average UK home in May, up from a 0.4% rise in the same period last year.
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Knight Frank names three new Proprietary Partners
Knightsbridge lettings head Arya Salari, capital markets specialist Eddie Thomas and lease advisory lead James Thistle step up.
Top brokers assess the Iran conflict’s effect on global prime property markets
Luxury property agents in London & Dubai report early shifts in buyer activity as geopolitical tensions escalate.
Knight Frank appoints new UK marketing head
Former Crown Estate and Disney exec takes role spanning agency’s resi and commercial divisions.
‘Hundreds’ of luxury London flats set for sale after £2bn lender collapse
Around 250 property companies with assets across PCL now under administration.
£10mn Notting Hill project offers chance to create ‘one of the area’s great homes’
Rare unmod Ladbroke Grove townhouse with communal garden access and basement planning comes to market.
Westminster to grant blanket retrofit consent for Eaton Square
Borough's first Listed Building Consent Order promises to allow 'retrofit at scale' on London's largest residential square.
FT: ‘We’re past the $200mn threshold’ – the rise of super-super prime property
'How much is mere showboating listing,' asks FT journalist Mark Ellwood - 'and how much higher can prices for single private properties actually be pushed?'
Ten Years On: Assessing the ‘profound effect’ of the second home stamp duty surcharge
'Almost overnight, the market tilted away from investors,' says Hamptons, 'meaning far fewer homes have been added to the rented sector' in the last decade.
Buyer secures Dubai’s third most expensive apartment
The big-ticket off-plan deal comes amid escalating regional tensions.
Savills buys major real estate investment bank Eastdil
The deal is one of the biggest in Savills' history.
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Luxury brokerage hires Savills associate director for country lettings push
Recent UK Sotheby’s International Realty recruit George Duff previously led Savills’ Cobham lettings operation.
Opinion: Winkworth boss Dominic Agace on why stamp duty should be abolished
Agency boss met Shadow Chancellor Sir Mel Stride MP at the firm's Pimlico office this week to discuss the need for change.
America’s biggest property portal to open up pre-market listings
Major US brokerages back Zillow move to surface 'coming soon' listings to its enormous audience.
Christie’s International Real Estate targets Tokyo
Hokkaido-based affiliate makes a play for the capital’s fast-growing luxury market as currency dynamics boost overseas buying power.
On Leasehold Reform: What the big shake-up could mean for prime property investors
Following publication of the draft Commonhold and Leasehold Reform Bill earlier this year, lawyers Kate Stockdale & Michael Ellis assess the likely impact on ground rents, ownership structures and investor…