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…
The United Kingdom is easing travel restrictions for both vaccinated and unvaccinated travelers again next month. Currently, fully vaccinated passengers need to take a COVID test within two days of arriving in the U.K. People who aren’t fully vaccinated need to test before and after arriving in Britain and quarantine for 10 full days upon…
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…
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…
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…
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…
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…
The average house price in the UK has topped a quarter of a million for the first time in history, according to a closely watched industry survey. Nationwide said its House Price Index found the average price of a property in Britain now stood at £250,311. Price rose another 0.7% in October, or 9.9% on…
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…
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….