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UK rents ‘most expensive in Europe’ at time of cheap mortgages

UK rental costs are the highest in Europe but homeowners are benefiting from cheap mortgages, data suggests. Tenants typically spend 39.1% of their income on rent compared with a European average of 28%, figures from the National Housing Federation suggest. The federation, which represents housing associations, also said that renters were less secure in their […]

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UK:Conservative victory reignites London housing market

Overseas investors rushed back to the London housing market on Friday, after the Conservative election victory dispelled the gloom that had hung over them for months. Several estate agents who buy and sell multimillion pound houses reported their phones had begun to ring early on Friday morning with calls from wealthy people around the world […]