UK Property

UK Property

UK’s most expensive seaside town ‘abandoned by tourists’ after new £10 charge

Lloyds said in May that the average property price in Salcombe in Devon is £970,657, down 22% when compared to 2022, when the figure stood at more than £1.2 millionSalcombe in Devon is usually a hotspot for tourists(Image: Getty Images)A new £10 parking fee is deterring day-trippers from visiting Salcombe, recently dubbed the UK's priciest coastal spot. Lloyds reported in May 2024 that the average property price in the Devon town has dropped to £970,657, a 22% decrease from 2022's figure of over £1.2 million.Rightmove's August rankings listed Sandbanks and...
UK Property

Third man charged over fires at properties linked to UK Prime Minister Starmer

LONDON (AP) — A third suspect has been charged with arson over a series of fires targeting property linked to U.K. Prime Minister Keir Starmer, police said Wednesday.Petro Pochynok, 34, has been charged with conspiracy to commit arson with intent to endanger life. The Ukrainian national is scheduled to appear at London’s Westminster Magistrates’ Court on Wednesday morning.Two other men have already been charged with setting fire to Starmer’s personal home, along with a property where he once lived and a car he had sold. They are Ukrainian national Roman...
UK Property

Third suspect arrested over fires at properties linked to UK prime minister

LONDON — A third man was arrested Monday for a series of fires that targeted property linked to U.K. Prime Minister Keir Starmer, police said.The unnamed 34-year-old was arrested in Chelsea, west London, on suspicion of conspiracy to commit arson with intent to endanger life, Metropolitan Police said.A 26-year-old man was arrested on the same charge Saturday, the day after Roman Lavrynovych, a Ukrainian national, appeared in court on charges of setting fire to Starmer's personal home, along with a property where he once lived and a small SUV he...
UK Property

FTSE and US stocks slump, bond yields rise after Moody’s downgrade

Gold prices climbed on Monday, buoyed by a fresh wave of safe-haven buying following Moody’s decision to downgrade the US credit rating and renewed trade tensions out of Washington. Gold futures (GC=F) climbed 1.4% to $3,232.70 per ounce at the time of writing, while the spot gold price rose 0.8% to $3,229.61 per ounce. "The Moody's downgrade of the US credit rating, and the corresponding risk-off reaction by the market, has put some pep back into the gold price," said KCM Trade chief market analyst Tim Waterer. Moody’s cut its...
UK Property

Stocks dip as US credit downgrade outweighs UK-EU deal

Gold prices climbed on Monday, buoyed by a fresh wave of safe-haven buying following Moody’s decision to downgrade the US credit rating and renewed trade tensions out of Washington. Gold futures (GC=F) climbed 1.4% to $3,232.70 per ounce at the time of writing, while the spot gold price rose 0.8% to $3,229.61 per ounce. "The Moody's downgrade of the US credit rating, and the corresponding risk-off reaction by the market, has put some pep back into the gold price," said KCM Trade chief market analyst Tim Waterer. Moody’s cut its...
UK Property

Pretty UK seaside town with two beaches and £202k flats is ‘cheaper than Brighton’

The town has been a popular spot for commuters for many years thanks to its great transport links to London - and it's now become a popular coastal destination in its own right10:42, 19 May 2025Updated 11:37, 19 May 2025Folkestone has sunny beaches and a stunning coastline(Image: Adrian Cylwik via Getty Images)A charming town in Kent, merely an hour's journey from London, boasts stunning beaches and is touted as being "cheaper" than Brighton. Folkestone, nestled on the south-east coast of England along the English Channel, has become a favoured haunt...
UK Property

Stocks dip as the UK and EU reach deal ahead of summit

Gold prices climbed on Monday, buoyed by a fresh wave of safe-haven buying following Moody’s decision to downgrade the US credit rating and renewed trade tensions out of Washington. Gold futures (GC=F) climbed 1.4% to $3,232.70 per ounce at the time of writing, while the spot gold price rose 0.8% to $3,229.61 per ounce. "The Moody's downgrade of the US credit rating, and the corresponding risk-off reaction by the market, has put some pep back into the gold price," said KCM Trade chief market analyst Tim Waterer. Moody’s cut its...
UK Property

Scottish hotspots named among the UK’s best places to retire

Glasgow and Edinburgh were featured alongside locations across the country, including York and Cornwall. A number of factors were considered when curating this ranking, such as property prices, crime rates, amenities and entertainment. Glasgow and Edinburgh named among the best places to retire to in the UK Crime rates, property prices and amenities were considered when making this ranking (Image: Getty Images) Glasgow and Edinburgh, which were the only Scottish locations to be named among the best to retire to in the UK by Rest Less, were praised as "beautiful" cultural centres full of...
UK Property

UK police make second arrest in connection with fires linked to PM Starmer

Reuters  —  British police said they had arrested a second person in connection with a series of arson attacks at properties linked to Prime Minister Keir Starmer in North London, a day after a Ukrainian man was remanded in custody over the fires. Police said in a statement on Saturday that a 26-year-old was arrested at London’s Luton Airport on suspicion of conspiracy to commit arson with intent to endanger life, and listed the same incidents which had involved properties connected to Starmer. Roman Lavrynovych, a 21-year-old Ukrainian, appeared at...
UK Property

Rightmove and Nationwide launch property lending checker

UK property platform Rightmove (RMV.L) and building society Nationwide have launched an online feature that allows potential homebuyers to understand if a specific property is likely to be eligible for mortgage lending. They said that the new digital "property lending check" is a global first, in enabling homebuyers to receive real-time information about the likelihood of getting a mortgage on a house before viewing it and make an offer. The feature aims to give "home-hunters more mortgage confidence, much earlier in their moving journey," they said. According to the announcement...
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