Bank of England
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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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Housing Market
‘Bank of England will hike rates despite falling inflation’
The fall was driven by a reduction in the energy price cap and food prices but services inflation which the bank monitors rose to 7.4% from 7.2%.
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Housing Market
AGENT BLOG: Mortgage mayhem affecting prime market too
Knight Frank’s Tom Bill says government has created a chaotic lending market over the last 11 months that has unsettled buyers and sellers.
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Housing Market
INDUSTRY REACTION: Base rate raised to 5.25%
Warnings went unheeded by Governor Andrew Bailey and Monetary Policy Committee that another rate rise would risk damaging the UK’s fragile economy.
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Housing Market
Interest rates are expected to be cranked up today – but is that the right thing to do?
Trevor Abrahmsohn says it is folly to increase interest rates today without giving the last 13 increases a chance to make their full effect felt.
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