Follow the real estate experts and let’s take a look at the news worth paying attention to in the UK today:
- The UK The new crown epidemic has rebounded, with new cases in a single day exceeding 250,000 for the first time since mid-April...
- The UK will invest 2,500 Thousands of pounds to establish a new World Bank fund to prevent and respond to new coronavirus-like pandemics in the future, thereby preventing the huge human and economic impact of the pandemic...
- The British government has decided to promote it starting from Monday In the legislative process of the "Northern Ireland Bill", MPs will vote on the bill for the first time...
- Starting from Monday, lawyers in England and Wales will go on strike over the issue of legal aid fees, a move that is expected to interfere with court hearings. ..
- The report shows that University College London generates 10 billion pounds in revenue for the UK every year, and its value is "equivalent to hosting an Olympic Games every year"...
- Compared with the same period last year, the salary of fresh graduates in the UK has increased significantly by 7% , the number of jobs has also increased significantly, and graduates will enter the strongest job market in the UK for many years...
- As the housing market continues to be undersupplied, Knight Frank has raised its forecasts for UK house prices and rents, and forecasts house prices in prime central London. and rent growth will lead the UK in the next five years...
- GetAgent's latest analysis found that the UK real estate market is still hot, with 11% of houses for sale finding a buyer within 14 days...
[ UK new crown news in a single day The number of new cases exceeded 250,000.】
According to media reports, the new crown epidemic in the UK has rebounded, with new cases in a single day exceeding 250,000 for the first time since mid-April..
According to the latest tracking data from ZOEAPP, the number of daily symptomatic infections in the UK has more than doubled this month, from 114,030 cases on June 1 to 262,380 cases last Friday (June 24).
This also means that in just over three weeks, the number of symptomatic cases in the UK has increased by 148,350, an increase of 130%. Although this figure is lower than the previous high of 349,011 cases set on March 31 this year, the current number is still well above any peak before 2022.
Scientists say that the rapid growth of cases of the new Omicron sub-variants BA.4 and BA.5 is the main driving force behind the development of the epidemic. BA.4 and BA.5 are more contagious than the previously dominant Omicron subvariant BA.2.
An analysis released on Friday by the UK Health and Safety Authority (UKHSA) shows that BA.5 is growing about 35% faster than BA.2, while BA.4 is growing 19% faster than BA.2, meaning It is likely that BA.5 will soon become the dominant strain in the UK. Currently, BA.4 and BA.5 together account for more than half of the UK’s new coronavirus cases.
Experts also said that the decline in immunity to the new coronavirus and people's gradual return to normal life have also played a certain role in promoting .
virologist Steve Griffin of the University of Leeds said: "BA.4 and BA.5 are fueling another wave of infections, already the third wave this year. These sub-variants are also causing a significant increase in reinfection rates, now across all ages The infection rate is increasing." Tim Spector, a professor at King's College London who is responsible for ZOEAPP, believes that the infection rate is expected to begin to decline in the second half of July this year.
He said: "Given that school is out soon, hopefully the summer holidays will give us a little bit of a breather. I think this growth will continue into a few weeks in July and then hopefully stabilize and then decline slightly. But no one expects them to fall completely or significantly."
[ Boris announces new pandemic fund ]
British Prime Minister Boris announced yesterday that the UK will contribute 25 million pounds to establish a new World Bank fund. , to prevent and respond to pandemics similar to the new coronavirus in the future, thereby preventing the huge impact of the pandemic on humans and the economy..
It is reported that this fund, sponsored by the World Bank , will provide funds to countries whose medical systems are relatively fragile and cannot respond well to the pandemic. This will ensure that they can respond quickly to the epidemic before it spreads to other parts of the world. Control the epidemic as much as possible. According to
data, the COVID-19 epidemic has killed at least 6.2 million people around the world and caused far-reaching economic damage.
The British government said that preventing a similar pandemic from happening again requires a coordinated international effort.
Boris said: “While the worst days of the coronavirus pandemic are behind us, we cannot be complacent. The next potential pandemic could arise at any time, bringing with it the devastation we have experienced over the past two and a half years. The social and economic consequences of sex.”
Boris also said: “The probability of a pandemic of similar magnitude in the next 25 years is estimated to be as high as 50%. We must ensure that we learn from the COVID-19 epidemic and prepare for next time. Better prepared.”
In addition, at the G7 group summit on Monday, Boris will also discuss with other country leaders how to help countries manage the new crown epidemic and prevent the recurrence of the epidemic through investment. importance and urgency.
[The "Northern Ireland Bill" will be voted on for the first time]
According to media reports, despite facing strong criticism from the EU , the British government has decided to promote the legislative process of the "Northern Ireland Bill" starting from this Monday, unilaterally Tear up some parts of the Northern Ireland Protocol .
As we all know, the Northern Ireland Protocol is part of the withdrawal agreement reached by the United Kingdom and the European Union. According to this agreement, Northern Ireland will continue to remain in the EU single market for goods after Brexit. But the UK has always believed that the existence of the agreement disrupted business within the UK.
Therefore, the "Northern Ireland Bill" turned out, which will give the British government the power to tear up parts of the Brexit agreement reached by the Prime Minister and the European Union, including requiring inspection of all goods from the United Kingdom to Northern Ireland and canceling the EU's highest Jurisdiction of the Court, etc. In other words, the British government will gain the power to "rewrite" the Northern Ireland Protocol.
Regarding the British government's actions, the European Commission warned that unilaterally rewriting the Brexit agreement may trigger a trade war between the UK and the EU, and the EU will take "all measures within its power".
Valede Almeida, the EU ambassador to the UK, also called the legislation "illegal and unrealistic."
This Monday, MPs will vote on the bill for the first time. The British government expects that the "Northern Ireland Bill" will successfully pass the vote in the House of Commons. However, one senior Conservative predicted that the bill may face strong opposition in the House of Lords.
[Strike movement spreads to the legal profession]
Lawyers in England and Wales will go on strike from Monday over the cost of legal aid. Lawyers who specialize in criminal court cases believe that the government provides insufficient funds for their work. The move is expected to disrupt the trial.
It is reported that the strike will be carried out in the next four weeks, starting with the strike on Monday and Tuesday this week, and will increase by one day per week in the future until the end of the five-day strike from July 18 to 22. In addition to London, demonstrations are also expected to take place in Bristol, Cardiff, Manchester and Leeds.
During the strike, barristers will not accept new cases or take on work for colleagues whose caseload exceeds their limit.
Regarding the strike, British Justice Secretary Dominic Raab said that the strike was "regrettable" and "will only delay justice for the victims." He also urged barristers to "agree to the government's proposed 15% pay rise, which would increase the average barrister's annual income by around £7,000".
However, the CBA, the Law Society, said they needed more funding, as legal aid costs have not kept pace with inflation for years.
[UCL generates £10 billion in revenue for the UK every year]
An independent report commissioned by University College London (UCL) shows that UCL generates £10 billion in revenue for the UK every year, and its research, knowledge on startups and support “the equivalent of holding an Olympics every year.”
The report shows that of UCL’s £1.67 billion annual expenditure, nearly £10 billion is spent on economic activities, which support 19,000 full-time jobs in the UK, more than 7,000 of which are outside London.
In 2018-2019 alone, UCL’s research and knowledge exchange activities were worth more than £4 billion, and every £1 million invested in research at UCL generated an additional £6 million in economic output across the UK. out.
[ The starting salary of fresh university graduates in the UK has soared ]
According to media reports, British fresh graduates are currently in an environment where wages have soared and the number of jobs has increased significantly, which means that graduates will enter the UK's strongest economy in many years. job market . The latest data from
Adzun shows that wages for recent graduates have increased significantly by 7% compared with the same period last year, while the number of graduate job vacancies has increased by 59% compared with May last year. The
survey also found that although the UK is facing soaring inflation and tight living costs, major companies still released 14,690 job advertisements for fresh graduates in May this year, much higher than the 9,265 in May 2021.
Meanwhile, the average graduate salary has risen from £24,389 in 2021 to £26,076 today.
In City of London , many companies offer high salaries to graduates in order to attract talents to join . JP Morgan offers fresh graduates an annual salary of £70,000, while Barclays offers an annual salary of £50,000. Graduates from the London office of law firm Davis Polk earn an annual salary of £60,000, while freshfields graduates earn an annual salary of £50,000.
In response, Adzuna executive Paul Lewis said: "Despite the negative economic news, many industries are still in desperate need of talent and want graduates to fill these gaps. This is welcome good news for the class of 2022 .”
[Knight Frank raises its forecast for house prices ]
As the British real estate market continues to be in short supply, Knight Frank recently raised its forecast for UK house prices and rents .
According to the latest forecasts, average UK house prices will grow by 8% in 2022, which is higher than the 5% growth predicted in April. In the next five years, average house prices in the UK are expected to grow by 16%.
In the prime central London (PCL) market, average house prices are expected to grow by 4% in 2022 and 21% in the next five years, which is higher than the UK average.
KF said PCL's growth was driven by strong domestic demand and the gradual return of overseas buyers to London.
At the same time, KF also significantly raised its rental expectations in London. The agency believes that average rents in PCL will increase by 11% in 2022, higher than the previous forecast of 8%.
Average rents in prime outer London (POL) areas will grow by 9% this year, higher than the previous forecast of 5%.
In this regard, KF analysts said: “Supply has always been a key issue in the British real estate market. The supply of housing has not been able to keep up with demand. Especially after experiencing the crazy rush during the epidemic, the supply has become even more insufficient, which will bring pressure on prices. Come to upward pressure.”
[1% of houses for sale were sold within 14 days]
GetAgent’s latest analysis found that the UK real estate market is still hot, and 11% of houses for sale can find buyers within 14 days.
According to research, it currently takes an average of 97 days for a British property to go from listing to final sale. However, because the overall housing stock is very limited, some high-quality properties are snapped up as soon as they are listed.
Regionally, Scotland is currently the hottest property market, with 18% of new listings marked sold within two weeks.
Despite the high housing prices in the capital, London, 7% of houses are sold within 14 days.
In this regard, Colby Short, CEO of GetAgent, analyzed: "Since loan rates began to rise, some pessimists once again believed that the UK real estate market would be headed for recession. However, we have not seen this situation at all in reality, although house prices The growth rate is gradually returning to normal, but buyer demand is still very high, and property values have not yet shown any signs of decline.”
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