UK Property

The United Kingdom recorded its fastest economic growth in over a year during the first quarter of 2025, boosted by a surge in home buying ahead of a property tax deadline and increased manufacturing activity in anticipation of new United States tariffs, Reuters reported. According to the Office for National Statistics, the economy expanded by 0.7 percent between January and March, the strongest quarterly growth since early 2024. “UK gross domestic product is estimated to have grown by 0.7% in Quarter 1 (Jan to Mar) 2025, unrevised from the first...

Thousands of Britons are flocking to Bulgaria, apparently lured by bargain-basement house prices, low living costs, and the prospect of a sunnier, simpler life. Official census data shows the number of British nationals living in the Balkan country has shot up from 2,605 in 2011 to 4,484 by 2021 — with the real figure likely being even higher now.The eastern European nation, often overlooked in favour of hotspots like Spain or Portugal, is fast becoming a destination of choice for expats priced out of the UK property market. Some buyers...

Industrial firms are to be hit with nearly £700 million in new property taxes, offsetting some of the Government’s move to slash their energy bills to boost competitiveness, experts have warned.Just a week after the Government’s industrial strategy revealed electricity costs for about 7,000 energy-intensive businesses would be cut by scrapping green levies, estimates suggest many of the larger firms are set to see their business rates bill soar.Around 4,300 large-scale industrial properties in England – across manufacturing sectors such as automotive, aerospace and chemicals – will face a new...