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One in 10 adults owns second home, says think tank

As many as 5.2 million UK adults – or one in 10 – have bought or inherited a second home, according to research. Think tank the Resolution Foundation said the number of multiple home owners grew by 30% between 2002 and 2014. That figure includes buy-to-let landlords – counted as one owner even if they […]

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BT to scrap half of the UK’s remaining telephone boxes

BT is to scrap half of the UK’s remaining 40,000 telephone boxes and focus on the ones in locations where people are more likely to use them. In 1992 at their peak before mobile phones became popular, there were 92,000 phone boxes in the UK. Telephone boxes still handle 33,000 calls a day, but one third […]

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Rail fares face biggest rise for five years

Millions of rail users in the UK will see the price of regulated rail fares rise by up to 3.6% in January. The permitted increase – which is taken from the Retail Prices Index (RPI) inflation measure for July – will be the highest since January 2013. Passenger groups said commuters would be worst-hit, and […]

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House price growth holding steady

The average price of a home in the UK went up by nearly £2,000 to £223,000 in June, according to official figures. The annual rate of increase is running at 4.9%, down from 5% in May, while prices rose 0.8% between May and June. The Office for National Statistics (ONS) figures show the wide variation in […]

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How often do people move property in the local area?

More than six-million people move home every year according to national census figures. These numbers reveal we are changing homes at a faster rate than ever before with people in the southern half of the country the most frequent movers. Conversely, those living in the North East, North West and Wales move home less frequently […]

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Why is the pound so low against the euro?

The holiday season is in full swing. And whether you prefer sun, sand and sangria or meze, Metaxa and monuments, it can’t have escaped your notice that the whole getting-away-from-it-all thing is a lot more expensive at the moment. At least, that is, if you’re a Brit bound for the eurozone. The pound is touching […]

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Liam Gallagher reveals he’ll quit music and never tour again if his solo album flops

Liam Gallagher has said that he will quit the music industry if his debut solo album fails to do well in the charts. The former Oasis frontman will stop making music entirely and will never tour again if As You Were “bombs” as there will be “no point” in continuing. “If the album comes out […]

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Premier League locations where house prices have risen most

Homeowners living in the areas surrounding White Hart Lane have seen their property prices rise by a staggering 655pc over the past 20 years, according to new data. The average home value in the postal district surrounding Tottenham Hotspur’s stadium has risen more than seven and a half times since 1997, from £59,638 to £450,104 today. Figures collated […]

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House prices up almost £5,000 in the year since the Brexit vote, but property market slows as buyers struggle

House prices are up almost £5,000 in the year since the Brexit vote, figures revealed today. A combination of record low mortgage rates and a lack of homes for sale has bolstered the property market, but the pace of house price rises has slowed considerably, according to the Halifax house price index. House prices rose by another […]

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Stamp duty is making the housing crisis worse as older homeowners stay put to avoid it

Stamp duty is making the housing crisis worse because it is deterring older homeowners from downsizing, it has been claimed. A report by the London School of Economics and the VATT Institute for Economic Research claimed that the rate of home moving would be 27 per cent higher if the levy was completely abolished. It […]