Asking prices for UK homes have smallest spring rise since 2016, Rightmove says
The average price for houses and apartments advertised between April 6 and May 10 rose by 0.6% from a month earlier and prices were up by 1.2% from the same period last year, property website Rightmove said.
The price increase pushed the average price to a new record high of just under 380,000 pounds ($505,000). But it represented the slowest monthly rise for the time of year in nine years.
These relatively subdued price increases - which are well below the pace of average wage growth and consumer price inflation over the past year - contributed to a 5% annual rise in completed sales for the latest period, Rightmove said.
The price weakness reflected the highest number of homes for sale in a decade, while demand in April was down 4% compared with April 2024, hit by the end of the tax incentive for purchases of cheaper homes and for first-time buyers on April 1.
The year-on-year fall in demand was the first so far in 2025. But there were signs that April's lull would prove temporary as interest among buyers picked up in early May.
The Royal Institution of Chartered Surveyors has previously said Britain's housing market slowed in April after the end of the tax break which pushed up demand earlier in 2025.
($1 = 0.7524 pounds)
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Telegraph
36 minutes ago
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The M&S ‘Scattered Spider' hackers are coming for your holidays
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The issue is not isolated to North America. On Monday June 30, Qantas suffered a major cyber attack, reportedly compromising the personal data of up to six million customers. A spokesperson for the UK Civil Aviation Authority (CAA) told The Telegraph: 'We are aware of rumoured activity. We are in contact with the National Cyber Security Centre and have warned our industry contacts about this group and the techniques they use.' One of the things that the CAA would have told their industry contacts is that when Scattered Spider targets an industry, the attack tends to be sustained and relentless for a period. If aviation is next in line, how could a hack play out, and what can you do to protect your holiday? Worrying potential There are a few different avenues for the hackers. One would be to target airlines' corporate infrastructure. In 2018, 380,000 British Airways customers had their credit card details stolen in a major data breach. 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Daily Mail
38 minutes ago
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Jaguar in crisis after woke rebrand that stunned fans crashes sales
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