U.K. government bonds declined for a third day as a report showed house prices climbed to a record in May amid an economic recovery that sent 10-year yields to the highest since 2011 earlier this year.
Rohit Sabhlok said he’s upset he lost a bidding war on a London house. Katy Barnes bought her home to avoid rising rents, while Holly Martin purchased hers as an investment. Both are hooked on a website that shows their property values soaring. Kay Durrant used her home’s growing equity value to pay bills.
Buying a home in London’s most affluent areas is becoming unattainable for anyone without a billionaire’s bank balance. For those feeling squeezed out, a Swiss private bank is offering a side door to the market.