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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Super-prime St John’s Wood townhouse pitched as ‘possibly the best value home in the area’
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Echlin signs industry big-hitter Collins as £200mn luxury pipeline takes shape
Mark Collins, the former Chairman of Residential at CBRE, has joined the expanding design & development firm as non-exec director.
Cain taps ex-Six Senses CEO for global luxury investment drive
Major-league investor enlists industry heavyweight Neil Jacobs as it doubles down on high-end real estate.
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Standout homes in London & East Sussex make Stirling Prize shortlist
Japanese-inspired South London residence & reinvented Hastings house among six projects shortlisted for UK architecture’s top honour.
Survey reveals shifting UHNWI strategies in PCL
Savills poll of leading advisers shows London’s ultra-wealthy reassessing residency amid mounting tax pressures.
Hutton Bubear brings in D&G alumna to boost country coverage
Well-known agent Tamzin Incledon will oversee searches in The Chilterns, Oxfordshire and Surrey for the boutique property firm.
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