UK to cut taxes on wages and fuel


UK to cut taxes on wages and fuel

The UK government is cutting payroll taxes and duties on fuel in an attempt to take some of the sting out of the worst cost of living crisis in decades. But it resisted calls to impose a new windfall tax on oil company profits to raise money to fund more relief for households, despite inflation…

All UK Travel Rules to End on Friday


All UK Travel Rules to End on Friday

The transport secretary has confirmed that all remaining Covid travel measures will be scrapped. Currently, everyone travelling to the UK must complete a passenger locator form before they arrive. Travellers who are not fully vaccinated have to take a Covid test before departure, fill in the form, and book and pay for a PCR test…

CK Asset Sells UBS London Headquarters to Korea’s NPS for £1.21B


CK Asset Sells UBS London Headquarters to Korea’s NPS for £1.21B

Li Ka-shing’s CK Asset has completed the sale of its 5 Broadgate building in London to South Korea’s National Pension Service (NPS) for £1.21 billion, marking the UK capital’s biggest property deal in almost five years. The developer controlled by Hong Kong’s richest man had purchased the 13-storey office building, which serves as UBS’s London…

Bank of England Considers Dropping Mortgage Affordability Test


Bank of England Considers Dropping Mortgage Affordability Test

The Financial Policy Committee (FPC) of the Bank of England has published its consultation on the proposal to withdraw the mortgage “affordability test”, which specifies a stress interest rate for lenders when assessing prospective borrowers’ ability to repay a mortgage. Its removal would contribute to allowing borrowers to take out bigger mortgages, something which could…

U.K. House Prices Rise Most Since August


U.K. House Prices Rise Most Since August

U.K. house prices shocked forecasters by posting the biggest increase since August, defying widespread concerns over a mounting cost of living crisis. The average value of a home rose for a seventh month to a record 260,230 pounds ($346,000) in February, Nationwide Building Society reported Wednesday. The 1.7% gain left house prices 12.6% higher than…

UK Residential Rents Rise at Fastest Pace in 13 Years


UK Residential Rents Rise at Fastest Pace in 13 Years

The rate at which rents are rising is at a 13-year high, while demand soared by 76% in the New Year. The average cost of renting a home is close to £1,000 a month, as soaring demand pushes prices higher. But despite the jump in the cost, rents account for an average of 37% of a…

UK House prices up 11.2% year on year in January


UK House prices up 11.2% year on year in January

Nationwide Building Society reveal 11.2% annual increase in January, the strongest start to the year for 17 years. UK house prices have enjoyed their strongest start to the year since 2005, according to new data. Nationwide’s long-running house price index suggests average selling prices rose by 0.8% in January, meaning prices are now 11.2% above…

Golden Emperor won the “The Best UK Overseas Property Agency”


Golden Emperor won the “The Best UK Overseas Property Agency”

Golden Emperor is delighted and proud to announce that, after being shortlisted in the Global Brands Award categories, we have been chosen as winners of the “Best UK Property Agency (Overseas) – Hong Kong” 2021. We are honored for the win which significantly acknowledges our professionalism in the industry, especially in Cambridge, London, Manchester, Birmingham…

UK needs 230,000 new rental homes to meet growing demand


UK needs 230,000 new rental homes to meet growing demand

The UK will need nearly 230,000 new rental homes to avoid a shortfall if the current growth in demand continues, according to a new forecast. Private rented sector supply will have to increase by 227,000 homes a year to meet the demand for 1.8 million new households over the next decade, according to analysis by…