Finance

Unlike families in London who are dispersing into the suburbs for bigger space, Millennials are purchasing property within the capital, preferring location over space. According to Hamptons International, the number of inner London homes (Zones 1-3) sold to first-time buyers rose by seven per cent to 35 per cent from 28 per cent pre-lockdown. In contrast, the number of homes sold in outer London (Zones 4-6) fell by five per cent to 31 per cent from the previous 36 per cent sales. According to the latest data, the average age of first-time buyers in the UK is 34 years old which

London What better way to enjoy the United Kingdom if not to stay in its famed capital city – London. City slickers will find pleasure strolling the streets of the city along the River Thames. The historical enthusiast, on the other hand, will find himself marvelling at the mere sight of the Tower of London, or of the millennium-old White Tower, the Buckingham Palace, and the Natural History Museum. Architectural breakthrough is also seen in buildings such as the Parliament Buildings, the Big Ben, and Nelson’s Column, all to the amazement of an artist’s keen eye to details. Edinburgh Scotland’s

Agreed sales last month were up 57% compared to April 2019 Many estate agents are now immediately asking prospective buyers for their ‘best and final offer’ to prevent gazumping Experts said the industry is working around the clock and buyers are resorting to extreme measures to secure a home The surge in demand is largely due to ultra-low interest rates and stamp duty relief for homes under £500,000 Britain’s booming property market is producing record sales figures, with an average of 13 buyers for every home listed. Agreed sales last month were up 57% compared to April 2019, with many

Property markets and banks find themselves navigating through uncertain waters, reminiscent of the financial crash of 2008 and the ongoing crisis. Unlike previous crises, there’s a sense of caution prevalent among banks and property owners, yet the impact remains undeniable. The real estate lending market, estimated at £238 billion, faced dismal rent collection rates of just 67% at its nadir in the past year. Among the worst-hit entities are the prominent banking giants known as the ‘big four’ – Lloyds Banking Group PLC, Barclays PLC, NatWest Group PLC, and HSBC. Their extensive exposure to the real estate sector has left