The UK has risen to join Germany as the third most important country to invest in according to a report by PwC. Company growth prospects show how Brexit has not weighed on the country’s international business standing.
Investors involved in technology and financial industries in particular gave a high ranking to the UK, which was surpassed only by the USA and China, according to analysis from PwC.
UK households spend an average of nearly a billion minutes a month on property website Rightmove
Property website Rightmove has released figures showing that households in the UK spent an average of almost 1 billion minutes a month on looking for property online last year. This highlights that the UK property market remains fiercely competitive despite a slight slowdown in certain areas in the wake of last year’s Brexit vote.
The company, which posted a 15 per cent rise in revenue for 2016 on Friday, said that site visits rose by 10 per cent in the year to over 120 million visits per month, and the average time spent on the website increase by around 5 per cent.
Landlords purchasing homes for cash hit a record level with 60% of buy-to-lets bought mortgage-free
New figures from lettings agent Countrywide, show that the proportion of landlords buying properties in cash has hit an all-time high, with 61% of the UK’s buy-to-let purchases made mortgage free.
The highest proportion of cash transactions came in the North of England, seemingly reflecting cheaper house prices.