London Home Prices Cut to Lure Tax-Hit Buyers, Rightmove Says
The average price sought fell 0.9% to £695,414, according to a report by property website Rightmove published Monday. Sellers in the UK capital and other pricey regions are offering discounts to offset the impact of April's increase in transaction costs.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
11 minutes ago
- Yahoo
Gold Gains as Weaker Economic Data Boosts Fed Rate Cut Bets
(Bloomberg) -- Gold edged higher on Tuesday, building on three days of growth amid expectations the Federal Reserve will cut interest rates next month after a spate of weaker economic data. PATH Train Service Resumes After Fire at Jersey City Station Mayor Asked to Explain $1.4 Billion of Wasted Johannesburg Funds Chicago Curbs Hiring, Travel to Tackle $1 Billion Budget Hole All Hail the Humble Speed Hump US President Donald Trump's trade wars and tension surrounding his looming deadline for Russian President Vladimir Putin to end his full-scale invasion of Ukraine has also provided momentum for gold. 'Fears of a slowdown in the US economy along with concerns about rising inflation amid Trump's tariffs are driving increased demand for gold,' ING Groep NV strategist Ewa Manthey said. 'With US fed rate cuts now intensifying, gold's bullish momentum could grow, sending gold to fresh highs.' Spot gold traded near $3,379 an ounce in London, up 0.2%. Traders are increasingly pricing in US rate cuts to bolster the US economy after weaker data, including a Monday report from the Institute for Supply Management that showed the services sector effectively stagnated in July as firms — faced with tepid demand and rising costs — reduced headcount. That comes after data out last week showed a much weaker labor market than previously thought after revisions to May and June, while inflation-adjusted consumer spending barely rose. Lower rates typically boost the price of gold, which doesn't pay interest. 'I think it will be the Fed cutting rates that could be the catalyst to push gold to another record,' Manthey added. 'I think gold has further room to run. Geopolitical risks remain elevated, Trump's trade war is still going on and ETF holdings continue to expand. The bullish drivers are there.' Bullion has gained nearly 30% this year amid Trump's campaign to slap tariffs on imports and geopolitical conflicts, along with central bank buying and bets on rate cuts. Investors and analysts see more gains ahead, with Fidelity International forecasting bullion could hit $4,000 an ounce by the end of next year. Citigroup Inc. also revised its forecast for gold, with analysts now predicting bullion will rally to a record high in the near term due to a worsening US economy and inflation-boosting tariffs. But many expectations for gold to break out of its range bound trading following April's $3,500 high haven't come to fruition even with the slew of uncertainty in both the economy and geopolitical outlook. 'Despite all these gold-positive arguments, the gains of the precious metal remain limited,' Commerzbank Research wrote on Tuesday. 'We continue to see gold fundamentally well-supported, but it is clear that the momentum we saw particularly in the first quarter has dissipated. This is also evident in the fact that gold traded 'sideways' despite significantly increased US rate cut expectations since April,' the note said. The Bloomberg Dollar Spot Index was down 0.1%. Silver also gained while palladium and platinum declined. --With assistance from Laura Avetisyan and Yihui Xie. Russia's Secret War and the Plot to Kill a German CEO AI Flight Pricing Can Push Travelers to the Limit of Their Ability to Pay Government Steps Up Campaign Against Business School Diversity What Happens to AI Startups When Their Founders Jump Ship for Big Tech How Podcast-Obsessed Tech Investors Made a New Media Industry ©2025 Bloomberg L.P. Sign in to access your portfolio
Yahoo
11 minutes ago
- Yahoo
Report – Parma Reject Players From Inter Milan In Exchange For Liverpool Target: Cash Only
Parma have firmly rejected any player swap offers from Inter Milan, insisting on a cash-only deal for Giovanni Leoni. According to FCInterNews, the Crusaders have made it abundantly clear that they only want cash for their sought-after teenager. Giovanni Leoni has established himself as one of the hottest prospects in European football. Despite breaking onto the grand stage only last season, the 18-year-old already has plenty of admirers. Indeed, in addition to Inter, AC Milan, Juventus, and Liverpool have shown interest in his services. Inter Milan Attempt to Include Counterparts in Giovanni Leoni Deal Rejected by Parma PARMA, ITALY – APRIL 05:Giovanni Leoni of Parma Calcio in action during the Serie A match between Parma and FC Internazionale at Stadio Ennio Tardini on April 05, 2025 in Parma, Italy. (Photo by) Parma have slapped a substantial €40 million bid on Leoni's head. However, Inter had hoped to include several players as a makeweight to drive the price down. Kristjan Asllani and Sebastiano Esposito are the players in question. Yet, their request has fallen on the Crusaders' deaf ears. Instead, they're only interested in taking hard cash for their most prized asset. That's the last thing the Nerazzurri would want to hear, especially now that Liverpool have intensified their interest. Indeed, aware of Inter's financial constraints, the Reds are keen to accelerate talks with Parma.
Yahoo
11 minutes ago
- Yahoo
Online retailer Zalando raises 2025 guidance after About You acquisition
(Reuters) -German online fashion marketplace Zalando raised its 2025 guidance on Tuesday after adjusting its projections to include newly acquired About You. The Berlin-based company said it expected gross merchandise volumes to grow by 12-15%, up from a previously expected range of 4-9%. Zalando is investing heavily in its European logistics network, which it has also opened up to partners as it seeks to drive growth amid faltering consumer spending and competition from fast-fashion retailers such as Chinese rival Shein. The About You acquisition was completed in early July, valuing Zalando's smaller rival at 1.13 billion euros ($1.31 billion). The company also said it achieved second-quarter gross merchandise volumes of 4.06 billion euros, up from 3.86 billion euros a year earlier. ($1 = 0.8634 euros) Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
