Auction House London

Despite the challenging financial climate, activity involving buy to let in Britain saw a significant spike in June.

The price of property across the UK continues to climb steeply, in spite of the cost-of-living squeeze.

The cost of renting homes in the UK capital could rise by as much as 7% in the next three years. This is the projection of rental platform Rentd, which has used data from the rental market in different boroughs of London over the last decade to forecast what the picture will look like in 2025.

House prices in the UK hit a new record in June. Data from the lender Halifax shows that the average house price in June increased by 1.8% to £294,845, marking the steepest monthly rise since 2007.