Towns and cities such as Rickmansworth, Oxford and Brighton have overtaken parts of London as the most unaffordable places in the country to rent privately.
According to the National Housing Federation, Three Rivers in Hertfordshire – the local authority area which covers the towns of Rickmansworth and Chorleywood – is now the most unaffordable place outside London, with private rent swallowing up more than half of people’s gross wages.
In order to succeed, OnTheMarket will need to have at least the same number of listings as Zoopla.
And there is a warning that Zoopla could go “direct to the seller”.
None of Britain’s burgeoning number of online estate agents has succeeded in breaking into the Fast Track 100, a barometer of successful private companies.
The majority of people with mortgages could cope with a rise in interest rates, the Bank of England has said.
Just 4% of mortgage holders would need to take action if interest rates rose to 2.5% from their current 0.5% historic low, according to the Bank's annual survey of household finances.
Towns and cities such as Oxford and Brighton have overtaken areas of London as the most unaffordable places in the country to rent, according to the National Housing Federation.
Northern Ireland's Attorney General has accused Bank of Scotland of "criminal fraud".
John Larkin QC made the comments in relation to the bank's treatment of some customers who fell behind on their mortgages.
Camden market, in north London, is to be floated on the stock exchange as its owner seeks to raise up to £100m.
Market Tech Holdings, which is valued at £750m, is set to become the biggest company to float on the Alternative Investment Market (AIM) this year, the company confirmed on Monday.
Scotland's economy slowed in November although more jobs were created, according to the latest monthly survey by the Bank of Scotland.
It warned that the year ahead will be challenging because of a slowdown in trade with Europe.
Despite the relatively strong housing market in central London, Foxtons has been demoted from the FTSE 250 and has been replaced by luxury shoe manufacturer Jimmy Choo.
A new property portal owned and operated by estate agents has had a problematic launch, it has been claimed.
Australian portal Squiiz.com.au launched in October.
At launch, there were some 3,500 agencies listing on the site, with another 2,000 due to be using it shortly, according to CEO Nick Christian.
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