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Prices for houses in London continue to fall amid a decline in demand for housing in the capital, Bloomberg reports, citing the Royal Institute of Chartered Appraisers. Over the period from January to June, the number of agents who had reported a drop in prices was bigger than the number of those who had reported about their growth. As of the end of June, prices at the country level remained at the same level. The boom for houses in the UK, lasting for 3 years, made housing inaccessible to many. Demand for houses, especially in London, fell even more because of slowed economic growth and the decision to withdraw from the EU. The fall in sales in the country has been observed for 16 consecutive months. A change in the rules of taxation may lead to an increase in the cost of rent, as the attractiveness of buying real estate for rental purposes falls.
Oil traded higher on Friday, further reclaiming lost ground from three-week lows in the previous session as the COVID-19 situation continued to dent the global economy as well as oil consumption. Brent crude gained 0.3%, trading at $43.08 ...
The second quarter had seen Australian consumer prices dropping by a record. This could be attributed to the coronavirus crisis dragging child care cost and petroleum prices, inflicting a serious damage to years of growth toward higher inflation. Last ...
Asian shares fell on Thursday as the U.S.-China tensions overshadowed hopes for more economic stimulus after Washington ordered the closure of Beijing’s consulate in Houston amid spying allegations. China called the order an “unprecedented ...
On Tuesday, Snap Inc.’s (SNAP.N) stock price declined by more than 11% in after-hours trading as investors digested the company’s user and revenue growth after its second-quarter earnings report. The social media company reported ...
Glenmark Pharmaceuticals Ltd was given a notice by the Drug Controller General of India (DCGI) on overpricing and false claims of its generic version of favipiravir, FabiFlu, according to local media reports, sending the company’s ...
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