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Sale of property assets has left British economy with unstable foundations

London’s newest, and Europe’s tallest, skyscraper will open on Thursday followed by a fanfare of lasers and fireworks. The £2bn Shard, all 1,016 feet of it, will be illuminated to show off the Qataris’ latest trophy in the capital. Already in their shopping basket are Canary Wharf, Harrods and One Hyde Park, the world’s most …

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UK house prices rise 1.4% but London increase hides regional falls

landlords House prices in the UK increased by 1.1% in April, ending the month 1.4% up on the same period in 2011, figures from the Office for National Statistics showed. However, while prices in London rose by 4.9% over the year, there was an 8.1% decline in Northern Ireland, and Wales and Scotland experienced falls …

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London property prices: Asking prices hit new high – Evening Standard

The price of a home coming to market rose by 1% month-on-month in June to reach £246,235 on average, but London is the only region where prices have outpaced inflation over the last five years, the Rightmove house price index found.Nearly 30,000 new sellers a week came to market in the three weeks before the …

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