Kingdom (Xinhua) -- British property
asking prices have seen the biggest monthly rise for over a
year, said Rightmove, a British top online real estate website,
The result is based on data measured from March 10 to April
6, 2019. Statistics showed the average asking price across
Britain in April was 305,449 pounds (400,662 U.S. dollars), up
1.1 percent from the previous month.
On a yearly basis, the average asking price in April dropped
slightly, down by 0.1 percent, compared with the same period
Rightmove Director Miles Shipside said:
"The rise in new seller asking prices reflects growing
activity as the market builds momentum, egged on by the arrival
"On average, properties are still coming to the market at
slightly lower prices than a year ago," said Shipside, adding
"It’s one of the most price-sensitive markets that we’ve seen
for years, with buyers understandably looking for value or for
homes with extra quality and appeal that suit their needs."
Speaking of the Brexit extension until October, usually the
busiest property moving season, Rightmove said:
"It is only a postponement, it lasts for long enough to
relieve some of the short-term uncertainty, and so it arrives at
an opportune time for the housing market."
"No doubt there are still a lot of twists and turns to come,
but this extension could give hesitating home movers
encouragement that there is now a window of relative certainty
in uncertain times," Shipside said.
"We are not anticipating an activity surge, but maybe a wave
of relief that releases some pent-up demand to take advantage of
static property prices and cheap fixed-rate mortgages," Shipside
added. (1 British pound = 1.31 U.S. dollars).
British Prime Minister
Theresa May on walking holiday as
her ministers seek consensus on Brexit plan with Labour
LONDON United Kingdom (Xinhua) --
British Prime Minister Theresa May has headed to
the mountains of Wales with her husband as ministers in London
continued to search for a Brexit breakthrough.
An official spokesperson at 10 Downing Street confirmed
Monday that May had left London to go on a walking holiday.
Political commentators recalled that it was on a walking
holiday in Wales in 2017 that prompted the prime minister to
call a general election.
Instead of winning a bigger mandate from voters, May saw a
government with a slender majority replaced by a minority
government with fewer than the 326 seats needed to stay in full
May is not thinking about holding an election, her
spokesperson is said to have told Reuters Monday.
Following the 2017 election May reached a supply and
confidence arrangement with the Democratic Unionist Party (DUP)
in Northern Ireland.
Their 10 MPs gave May a wafer-thin majority in the House of
The Daily Telegraph reported Monday that tensions have
grown between May’s Conservative government and the DUP recently
after DUP MPs at Westminster repeatedly refused to back May’s
The DUP accused her of failing to stand up to the European
Union on the Irish border backstop issue.
It is a failure to resolve the border issue on the island of
Ireland that has caused a logjam in Brexit negotiations.
Foreign Secretary Jeremy Hunt said in a BBC interview on
Monday that talks between the Conservative government and the
main opposition Labour Party to find consensus over a Brexit
plan are more constructive than people think.
"Talks we are having with Labour are detailed and I think
more constructive than people have thought.
"They are more detailed and more constructive than people had
been expecting on both sides. But we don’t know if they are
going to work," Hunt said.
Cabinet Office minister and de facto deputy prime minister
David Lidington said meetings between government ministers and
their opposite numbers from Labour are due to continue this
But so far no timetables for talks have been published.
Following an extension to Britain’s departure date until Oct.
31, granted last week by the EU Council, Britain now has just
199 days to reach an agreement that will enable it to leave the
bloc without facing a no-deal exit.
Brexit-bound UK tops global ranking for M&A appeal: biannual