UK Average House Prices Jump 11% In A Year To £271,209


UK Average House Prices Jump 11% In A Year To £271,209

Annual house price growth in the UK accelerated to 11% in July despite the cost of living crisis, with a house costing on average £271,209 last month. House prices increased by 0.1% month-on-month – the 12th consecutive monthly increase, according to Nationwide Building Society. The increase took the average house price to £271,209, some £55,000…

Average UK Rents Hit New Record High


Average UK Rents Hit New Record High

The average rent in the UK has reached a new record high of £1,113 PCM after rising a further 0.9% from last month, according to newly released data from HomeLet. Average rents in London have risen again. Rents in the capital have risen to a new average of £1,846 PCM – an increase of 0.8%….

UK Home Prices Soar Amid Shortage


UK Home Prices Soar Amid Shortage

UK house prices continued to shrug off fears of an economic downturn and the cost of living crisis, posting the biggest monthly rise since early 2007 in June, according to Halifax. A shortage of properties coming on to the market combined with continuing strong demand saw prices rise 1.8 percent from May, a 12th consecutive…

London House Prices Hit Record High


London House Prices Hit Record High

London property market is slowing but still shows “surprising momentum” despite a barrage of interest rate hikes according to latest figures from lender Nationwide. The building society said the average price of a home in the capital rose at an annual rate of six per cent in the second quarter of the year to stand…

UK Final GDP Arrives At 0.8% QoQ in Q1 2022, Meets Estimates


UK Final GDP Arrives At 0.8% QoQ  in Q1 2022, Meets Estimates

The UK economy expanded 0.8% on quarter in the first quarter of 2022, confirming the 0.8% growth reported in the first readout and meeting forecasts of 0.8%, the final revision published by the Office for National Statistics (ONS) showed Thursday. The annual figures showed that the UK GDP rose by 8.7% in Q1 vs. 8.7%…

London’s Population Increased as England Records Largest Population Yet


London’s Population Increased as England Records Largest Population Yet

London gained an extra 626,000 people between 2011 and 2021, according to initial results from last year’s census, while England and Wales has recorded its highest population yet. The capital saw an increase in its population over the decade of 7.7%, reaching a total of 8.8m people in 2021, up from 8.2 million residents. The…

Average UK House Prices Hitting Record High


Average UK House Prices Hitting Record High

Annual house price gains across the UK have slowed for a third month as the weakening economy, cost of living squeeze and rising interest rates started to have an impact on the property market. The average UK house price hit a new record high of £271,613, but there are “tentative signs of a slowdown”, Nationwide…

Chinese Estates Revitalizes Fleet Street in London


Chinese Estates Revitalizes Fleet Street in London

Chinese Estates will spend 429 million pounds (HK$4.22 billion) on the redevelopment and revitalization of 120 Fleet Street, a flagship project in the heart of London’s business district. The Hong Kong developer said that it purchased the property, which includes the Daily Express Building and commercial building River Court, for 280 million pounds back in…

The Queen Meets Paddington Bear for Jubilee Celebrations


The Queen Meets Paddington Bear for Jubilee Celebrations

Queen Elizabeth kicked off the Platinum Party at the Palace on Saturday by teaming up with another British icon: Paddington Bear! In a pre-recorded skit that aired for attendees at the celebratory concert at Buckingham Palace in London, the Queen showed off her comedy and acting chops while hosting the beloved character for tea. After…

UK Companies to Trial Four-day Workweek


UK Companies to Trial Four-day Workweek

The UK is about to be the center of a global experiment. On 6 June, it will host one of the largest experiments to reduce the length of the working week, with 3,500 workers at 70 firms due to switch to a four day week. The six-month pilot is being run by the nonprofit, 4…