Buy-to-Let Property Demand Down 60% Says London Estate Agent As Chinese Buyers Stay Away

Buy-to-Let property demand falls in London as Chinese buyers stay home perhaps to deal with the property market crisis and Evergrande debt issue.

On the plus side, the rental market is hot again, says leading agent.

Is the market starting to slow down, particularly for flats?

Stock markets remain near highest ever level, as a new report finds that households will remain worse off than they were before the pandemic until 2023.

UK's independent forecaster, Charlie Bean, an Office for Budget Responsibility (OBR) committee member, told MPs that incomes would not return to 2019 levels for another two years.

He said the main reason was "a very low rate of productivity growth".

The pandemic effectively froze large parts of the economy, with many businesses shut entirely, the BBC reports.

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