UK News New listings fall amid lockdown but price growth hits four year high
The first growth fund by women comes to Germany
Gaia Capital Partners, the first growth fund founded by women, opens an office in Berlin. The declared goal: to help more German startups grow with European funds. © Gaia Capital Partners The trio Alice Albizzati, Elina Berrebi and Robin Haak from Gaia Capital Partners. In Germany, a lot of startups are currently on a growth path, more and more unicorns are coming from the Federal Republic, such as recently for example the Munich-based HR startup Personio .
House price inflation hit a near four-year high in December and could keep rising in the coming months as the third lockdown is exacerbating the property demand and supply imbalance, a new report has found.
Demand for homes is rebounding fast but supply is falling as sellers seem reluctant to list their homes while Covid restrictions remain in place - with all regions except London seeing a drop in new listings.
The average price for a UK home rose 4.3 per cent to £223,700 in the year to December, the highest since April 2017, according to property portal Zoopla.
Katie Price reached 'crisis point' before deciding to put disabled son Harvey into care
Katie Price has opened up about the “crisis point” she reached before deciding to put her disabled son Harvey into full-time care. The 18-year-old – who was born with multiple disabilities including partial blindness, Prader-Willi syndrome and autism – is set to move into a residential college later this year. Price, 42, has now shared that she made the tough decision after Harvey started to become destructive because he didn’t want to be away from her.
'Rising demand and a lack of new homes coming to the market for sale will keep an upward pressure on house prices in the near term, especially in the more affordable parts of the UK,' said Richard Donnell at Zoopla.
Despite the new lockdown, demand for homes in the first two weeks of the year was 13 per cent higher than at the start of 2020, partly thanks to buyers still hoping to beat the stamp duty holiday deadline at the end of March.
However, fresh supply of homes tumbled 12 per cent over the same period across the country, resulting in an uptick in prices.
The only exception was London, where new homes put on the market for sale actually increased by 12 per cent.
Britain’s biggest police force saw domestic killings rise in 2020
Data from the Metropolitan Police show there were 22 domestic homicides in London last year, including 12 children.The number of homicides in London fell from 150 in 2019 to 126 in 2020 but there was a rise in the number of domestic killings.
Zoopla said this was partly down to home owners looking to move to larger houses in the wake of the pandemic as well as investors trying to get rid of properties as rents fall in the capital.
The new stock in London is mainly made up of flats, the research suggests.
Scotland, on the other hand, saw the biggest fall in new housing stock coming onto the market, recording a 19 per cent decrease, followed by the North East and South West, where new listings both dropped 14 per cent.
Zoopla expects sellers to list homes again once Covid cases start to fall sharply and the country moves back to regional tier based restrictions.
'There is fierce competition for family-sized homes'
Lauren Joselyn, 34, a PR consultant from Clapham in south London, is expecting her first baby soon and has been searching for a bigger home in East or West Sussex.
However, she and her partner Tom O'Mahony haven't had much luck so far.
Sanction oligarchs involved in English football, MPs urge UK Government
The Government refused to speculate on future sanctions listings. Opposition leader Mr Navalny was detained at a Moscow airport earlier this month after spending five months in Germany recovering from nerve agent poisoning that he blames on Moscow. © Provided by PA Media Now of Everton, Alisher Usmanov used to be a shareholder at Arsenal (Nick Potts/PA) His detention has been condemned by governments around the world, with the UK urging Russia to release him.
Keen for more space, they had originally hoped to move before the arrival of their first baby at the end of March, but a lack of family-sized properties on the market has stymied their plans.
'There is fierce competition for family-sized homes in our search area. We made an offer on a doer-upper in the autumn, but were outbid,' Lauren said.
'The closer we got to Christmas, the less there seemed to be on the market, and the supply of new properties doesn't seem to have increased, even though we're now well into the new year.
'It feels like a lack of properties is a characteristic of the Covid market.'
And added: 'I don't think sellers want prospective buyers in their homes'
While the stamp duty holiday was an incentive, they’ve now accepted that they are likely to miss the deadline.
While this is disappointing, they are able to proceed with their plans and feel relieved at no longer having to race against the clock.
Which region saw the biggest growth in 2020?
Looking at prices across the country, Wales and the North West was the fastest growing region, with prices rising 5.4 per cent in December compared to the same month in 2019.
Yorkshire and Humber followed with price inflation at 5.3 per cent, while in the East Midlands prices soared 4.6 per cent.
Liverpool recorded the fastest growth among the biggest UK cities, with prices up 6.3 per cent.
Manchester is close behind with prices up 6 per cent, returning to levels of inflation last seen two years ago.
House prices have been rising also in southern regions of England, but affordability pressures have limited gains.
Prices in London soared 3.1 per cent in the year to December, but this is way off the 20 per cent annual growth rate recorded in the summer of 2014.
No10 rejects Tory calls for faster lockdown easing after vaccine boost .
Analysis from Oxford University showed the jab offers 76 per cent protection up to three months after the first dose, and can reduce the potential for passing on the disease. Matt Hancock hailed the findings as proof the rollout 'will help us all to get out of this pandemic', with hopes that infections and deaths could fall faster as more of the public are covered. The government passed the milestone of 10million doses administered yesterday. Senior Conservatives seized on the news to demand the country gets back up and running faster, with huge damage being wreaked on children's education and the economy.