News Formal

UK's housing market booms through October, Rightmove says

  • 📰 Reuters
  • ⏱ Reading Time:
  • 18 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 11%
  • Publisher: 97%

United States News News

United States United States Latest News,United States United States Headlines

A surge in Britain's housing market pushed up asking prices for homes this month by the most in more than four years, with buyers ready to pay a premium for larger properties after their lockdown experience this year, a survey showed on Monday.

FILE PHOTO: New houses under construction are pictured in Aylesbury, Britain August 6, 2020. REUTERS/Matthew Childs

Property website Rightmove said asking prices were 5.5% higher than in October last year. The average asking price now stands at a record 323,530 pounds .“Previous records are tumbling in this extraordinary market, and there are still some legs left in the upwards march of property prices,” Tim Bannister, Rightmove’s director of property data, said.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Over the long term UK real estate is probably a poor investment as people are moving away from cities.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 2. in US

United States United States Latest News, United States United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

UK business groups urge Britain, EU to find compromise: FTMore than 70 British business groups representing over 7 million workers have made a last-ditch attempt to persuade politicians to get back on the dialogue table next week to strike a deal with the European Union, the Financial Times newspaper reported on Sunday. EndSARS EndSARS EndSARS EndSARS EndSARS EndSARS EndSARS EndSARS EndSARS EndSARS EndSARS EndSARS EndSARS EndSARS EndSARS EndSARS EndSARS EndSARS EndSARS Never compromise with the EU, they gave a rotten deal to Greece which caused a depression and want a similar bad deal with the UK. Walk away
Source: Reuters - 🏆 2. / 97 Read more »

The UK is hopeful of rolling out a coronavirus vaccine 'soon after Christmas' - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. good Telegraph to new world order Boris says as soon as election is over I’m not continuing this nonsense any longer. ...that will solve the Brexit too? BoJoDreams
Source: BusinessInsider - 🏆 729. / 51 Read more »

Coronavirus: UK Police have new power to check if people self-isolate - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. good 🔥 Check It Out 🔥 The British doing what China did... Just like having all those surveillance cameras on their streets...
Source: BusinessInsider - 🏆 729. / 51 Read more »