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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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.
‘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.
Mayfair resident ordered to undo unlawful basement works at historic townhouse
'Those who ignore planning rules will be held accountable,' Westminster officials warn.
Imposing Berkshire school site pitched for sale with resi potential
'Opportunities of this scale and heritage rarely come to market,' says Knight Frank.
Former Berkeley Group sales boss joins Harding Green
Radhika Bedford previously ran sales for Berkeley's St George brand in North London.
Knight Frank boosts billionaire division with Head of Global Private Capital
International property consultancy rolls out new strategy to 'align its capabilities across super-prime residential, global capital markets & capital advisory.'
Lomond swoops on Central London lettings agency Draker
Property services giant adds well-known boutique firm to its burgeoning portfolio.
Lendlease confirms ‘late stage’ negotiations for major Crown Estate JV
Elephant Park, Silvertown & Euston over-site developer is looking to 'accelerate the release of capital from international development through capital partnering'.
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Christie’s International Real Estate names new president
Gavin Swartzman will take on the top role at the Compass-owned network next month.
Letting agency records 55% jump in PCL valuations
'Traction is cautiously rebuilding after a quiet winter,' says Winkworth, as American & corporate tenants boost demand.
Former Maskells Director joins Harding Green
Clem Byron Evans worked for Savills before joining Maskells in Chelsea. He has now moved to become a self-employed prime property broker.
Ranked: London top £1mn+ neighbourhoods
More than 90% of homes listed for sale in Mayfair & Knightsbridge in the last month sport seven-figure asking prices.
Luxury property developer scales up with five senior hires & new HQ
Valouran’s founders say the business has reached a ‘pivotal juncture’ as its PCL pipeline builds.