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…

UK Property Prices Increased by 9.8% During 2021


UK Property Prices Increased by 9.8% During 2021

UK house prices rose at a faster rate in 2021 than in any calendar year since 2004, according to the Halifax. The mortgage lender said buyers sought more space during lockdown and took advantage of low-cost borrowing and stamp duty holidays. Prices increased by 9.8% during 2021, it said – the fastest for any calendar…

China’s Tencent builds stake in UK digital bank Monzo


China’s Tencent builds stake in UK digital bank Monzo

Chinese gaming and social media company Tencent Holdings Ltd  has taken a small stake in Britain’s Monzo as part of a fundraising, the digital bank said on Friday, just weeks after it fetched a valuation of $4.5 billion. Monzo did not disclose details of Tencent’s stake, but Sky News earlier on Friday reported that the…

Limited Reopening Approved For Iconic Maya Bay In Thailand


Limited Reopening Approved For Iconic Maya Bay In Thailand

Thailand National park officials have agreed to the return of tourists to the scenic Maya Bay after more than three years of closure for the sake of ecological rehabilitation, media reports say. The decision to reopen Maya Bay was announced by Kasetsart University marine ecologist Thon Thamrongnawasawat, who wrote online that a national park committee came…

Halifax House Price Index:Growth Now At 15-Year High


Halifax House Price Index:Growth Now At 15-Year High

House prices have increased for a fifth straight month, with growth now reaching a 15-year high. House prices have surged by £33,816 since the pandemic began, with the new national average hitting £272,992, according to Halifax’s latest house price index. House prices in the UK increased once again last month with the value of the…

UK Job Vacancies Have Reached A Record High


UK Job Vacancies Have Reached A Record High

The number of job vacancies has reached 1.2 million due to post-Brexit labour shortages and the post-Covid reopening. The UK jobs market is booming, recording the highest ever number of vacancies due to a combination of post-Brexit labour shortages and the reopening of the economy following the end of Covid-19 restrictions. The number of job…

Average UK house price rises by £25,000 in a year


Average UK house price rises by £25,000 in a year

The average cost of a UK home increased by £25,000 in the 12 months to August, official figures show, with rises recorded in all regions. The annual rate of price inflation hit 10.6% during the month, up from 8.5% in July, the Office for National Statistics said, bringing the average price to £264,000. The rebound…

UK house prices jump by most since 2007


UK house prices jump by most since 2007

British house prices rose by the most in almost 15 years in September ahead of the end of a tax break for house-buyers and they were expected to continue their climb to new record high levels, mortgage lender Halifax said on Thursday. Prices rose by 1.7% from August, the biggest monthly increase since February 2007….