Renting 47% cheaper than mortgage repayments in London

New property statistics have revealed renting could be the new buying for Londoners. Last year the average flat in London sold for £556,146, with terraced properties going for £666,852 on average and semi-detached homes fetching £654,761. The surge in property values has resulted in hefty mortgage repayments, which are now 47 per cent more expensive than rent in the capital. The research also revealed that it takes first-time buyers eight years to save for a deposit, with those looking to...

Cornwall grinds to a halt as Britain faces staycation dilemma

Parts of Cornwall have ground to a halt as record numbers of tourists flocked to the coast during the summer heatwave. Visit Cornwall said it has stopped promoting two beaches because of a serious overcrowding issue. Two usually quiet spots, Porthcurno and Kynance Cove, have been inundated with tourists and the antiquated infrastructure in the area cannot cope. Roads have been gridlocked and some communities reportedly felt unsafe as cars were abandoned on grass verges. Andrew Tate, who lives near...

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