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Added on the 11/05/2015 14:41:35 - Copyright : Reuters EN
Everyone knows London real estate numbers are sky high, but wait until you see the numbers that have risen 70% since 2008.
Images of sunrise in London on Tuesday as the UK faces another day of soaring temperatures. In Britain, forecasters said the current national record of 38.7 degrees Celsius (102 degrees Fahrenheit) could be broken and 40C breached for the first time, with experts blaming climate change and predicting more frequent extreme weather to come. IMAGES
Drivers queue up in front of a gas station in London to fill their tanks. The British army is set to begin delivering petrol to fuel stations after fears over tanker driver shortages led to panic buying and forced the government to offer visa waivers to foreign truckers to plug the shortfall. IMAGES
London (UK), Dec 28 (EFE), (Camera: Guillermo Ximenis).- The city of London faces the end of an era from January 1. Brexit conditions now force the British capital to rethink its position in the global market. SOUNDBITES OF: MICHAEL HEWSON, CMC MARKETS ANALYST; NICOLAS VÉRON, CO-FOUNDER OF THE ECONOMIC POLICY THINK TANK BRUEGEL; THOMAS PUGH, CAPITAL ECONOMICS ANALYST.
Ending a six-month run of spiraling demand, sales of existing homes in the US contracted in November. It's being read as a signal that rising prices and historically low supply is finally slowing the housing market's rally. According to Business Insider, the National Association of Realtors says home sales fell 2.5% last month to a seasonally adjusted annual rate of 6.69 million. The median price for existing homes fell to a six-month low as well, dipping month-over-month to $310,800 from $313,100. Even so, the pace is still up 25.8% from the year-ago period.