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Tesla’s $1.5 Billion Bitcoin Purchase Continues to Divide Opinion

Tesla has once again been dominating the headlines over the past week, after the company made a historic $1.5 billion Bitcoin purchase. The huge crypto currency investment was not entirely surprising, given CEO Elon Musk’s public praise for Bitcoin for some time now. Many analysts had always seen it as […]

How is a Third National Lockdown Affecting the UK Property Market?

Where the UK’s property market is concerned, there is one major difference between the current lockdown and the lockdown of spring 2020. While there may be major complications with property transactions now, the market is still technically open. This is much different than last year’s initial lockdown, where the market […]

End to Complex Leasehold Costs Promised by the Government

The British government has announced plans to overhaul England’s controversial and highly criticised leasehold system, in order to eliminate the excessive costs homeowners often face when extending a lease. In particular, owners of former council properties who purchased their homes in the 1980s are likely to benefit from the planned […]

Extension on Eviction Bans Confirmed, But What Next?

As part of the UK government’s Coronavirus relief efforts, an extension on bailiff-enforced eviction prohibition was recently confirmed. Having previously been due to expire on January 11, communities secretary Robert Jenrick confirmed that the same legislation would now cover renters until February 21. The extension was announced to safeguard private […]

UK House Prices Now 900% the Average Annual Salary

In what is likely to come as a blow for first-time buyers and a boom for existing homeowners, property prices in the UK are a full 5.4% up over the same period last year. This now puts the average market price for a home in the UK at a record […]

Are COVID House Hunters Bending or Breaking Lockdown Laws?

One of the biggest differences between the current lockdown and the first lockdown last March is that most of the economy has remained up and running. The real estate sector has suffered heavily during the first lockdown, when it was forced to shut down entirely for several months. Today, buying […]

Top 10 Annual Increases in Property Purchase Search Locations Revealed

As predicted, the rural and coastal areas in the UK were the big winners on the 2020 property purchase landscape by a significant margin. That is according to the latest figures from Rightmove, indicating that Bruton in Somerset topped the table as the most searched-for place among people looking to […]

Almost 74,000 Londoners Bought Homes Outside the Capital in 2020

City workers’ mass exodus from the UK’s biggest town and cities in search of space and tranquility continues, new data from Hamptons International Lettings suggests. Throughout the course of 2020, it is estimated that Londoners seeking sanctuary from city life purchased almost 74,000 homes outside the capital. Outmigration from densely […]

Lockdown Restrictions Fail to Hamper Housing Market Activity in the UK

Most of the United Kingdom is once again in some form of lockdown. Nevertheless, there is something distinctly different about lockdown 2, particularly when viewed from a financial perspective. Lending and borrowing remains a challenging subject for providers and customers alike, though not nearly on the same level as when […]

Reports of Scams Rise as Stamp Duty Holiday Deadline Looms

A leading independent financial advice watchdog in the United Kingdom has issued a warning to prospective home buyers, regarding widespread reports of scams in the run-up to the conclusion of the temporary stamp duty holiday. Motivated by significant potential savings and driven by what is becoming a race against time, […]

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