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100,000 cut-price homes available to first-time buyers

The UK’s new Start Homes scheme has now officially launched, offering 100,000 cut-price homes to first-time buyers with 20 per cent off their asking price. The discount is made possible by cutting planning requirements, allowing house builders to slash 20 per cent off the usual price. With average house prices for first time buyers in

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Soaring Spanish tourism sparks construction

Spain’s tourist industry is soaring, according to new figures. The number of foreign arrivals in the country almost reached 65 million in 2014, data from the government reveals, while Prime Minister Mariano Rajoy has confirmed that between them visitors spent an impressive €63 billion, up 6.5 per cent on the previous year. The country’s tourism

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Chronic supply shortage pushes up UK property prices

A chronic supply shortage in the UK is fueling a rise in UK property prices. The UK housing stock has struggled to meet demand for many years, following a long period of low construction levels. New figures from Rightmove, though, highlight the increasing impact the imbalance is having upon the country’s property prices, with values

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Lack of supply drives UK rents up

Demand for rental property in the UK is outstripping supply, an imbalance that is driving up rates. The private rented sector in the UK remains highly sought after, as high house prices and a rising cost of living leaves many potential homeowners unable to climb onto the property ladder. Instead, renting has become the long-term

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Surprise rebound in UK house prices

UK house prices enjoyed a surprise rebound at the start of the year, according to Halifax. The lender’s latest house price index says that prices jumped 2 per cent in January 2015 compared to December 2014, the biggest monthly increase recorded in January since 2009. The small rebound occurs following the goverment’s reform of Stamp

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