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The average rental price in London rose to a record £2,034, according to Independent. The price increase was 2.1%, which corresponds to the maximum rate since 2014. In 2019, experts predict a further increase of 4%. The average rental price exceeded the record of the beginning of the year 2016. The volume of rental housing has fallen by 22% in London. In the British province, rental housing fell by 10%, with prices falling by 0.6% to 798 pounds. Limiting the supply in 2019 will cause a 3% increase in rent in all cities except London. The growth of rental properties was observed in 2016 and 2017, however, the inflow decreased due to the increase in the tax burden on this type of real estate.
The Dollar fell to two-year lows on Friday, heading to its lowest decline in 10 years as concerns mounted over the economic recovery of the U.S. amid a second resurgence of the COVID-19 pandemic. The Dollar index plunged to 92.777, on course ...
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 ...
Financial markets saw record heights earlier on Friday, with the Euro continuing its 21-month gain streak and gold prices hitting its highest level amid a weakened Dollar. The Euro soared above the Dollar by 1.7%, trading at $1.1616 for the ...
China's diesel exports for June fell by 50% year-on-year, a record low since September 2018 as lockdown measures around the world continued to curb fuel demand. China exported has 1.04 million tons of diesel, compared to the 1.45 million and ...
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