Bank of England
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Guest Blogs
Surprise late Autumn boost for Prime London sales market
Knight Frank’s Tom Bill says London continues to outperform the rest of the UK, largely because prices grew by relatively less during the pandemic.
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Latest property news
SDLT and inheritance tax cuts main industry hopes for Autumn statement
Chancellor Jeremy Hunt delivers the Autumn statement next week and agents are on tenterhooks as to what he has in store for the PRS.
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Latest property news
Prime housing market ‘not immune to weak economy’
Knight Frank’s Tom Bill says some form of UK-wide support for the housing market would be welcome given the negative events suppressing demand.
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Latest property news
Interest rate held again at 5.25%
The Bank of England has decided to keep the base rate at the same level for the second review in a row.
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Housing Market
House sales slump 17% in September as cost of living continues to bite
Estate agents and housing experts say would-be buyers are struggling to save for deposits and are worried about finances.
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Latest property news
Mortgage approvals fall to lowest level since start of the year
Bank of England says that this was the third consecutive month that mortgage approvals have fallen while remortgaging is at its lowest since 1999.
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Latest property news
Mortgage demand to decline as default rates rise
The Bank of England says availability of secured credit to households decreased in Q3 and is expected to decrease further in Q4.
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Latest property news
House prices fall more severe than expected, says Knight Frank
The agency's head of residential research, Tom Bill, says it has revised its prediction for this year from a 5% fall to 7%, with another drop of 4% in 2024.
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Latest property news
AGENT BLOG: The ‘light at the end of the tunnel’ moment has not yet arrived
Knight Frank’s Tom Bill says that while Nationwide reported a -5% fall in house prices average prices in prime central London declined by just 1.4%.
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Latest property news
Bank of England boss casts doubt on future interest rates
Andrew Bailey hinted to MPs this week that the Bank is through with lifting interest rates and stressed inflation was on course for a ‘marked’ decline.
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