{"componentChunkName":"component---src-templates-post-js","path":"/homebuyers-pay-record-high/","result":{"data":{"ghostPost":{"id":"Ghost__Post__60d599946e4273003be1dd81","title":"Homebuyers pay record high","slug":"homebuyers-pay-record-high","featured":false,"feature_image":"https://multiply.ghost.io/content/images/2021/06/472.png","excerpt":"Plus: holiday hotspots added to travel green list, Bank of England warns inflation will break 3%.\n","custom_excerpt":"Plus: holiday hotspots added to travel green list, Bank of England warns inflation will break 3%.\n","created_at_pretty":"25 June, 2021","published_at_pretty":"25 June, 2021","updated_at_pretty":"25 June, 2021","created_at":"2021-06-25T08:53:40.000+00:00","published_at":"2021-06-25T08:55:59.000+00:00","updated_at":"2021-06-25T08:55:59.000+00:00","meta_title":null,"meta_description":null,"og_description":null,"og_image":null,"og_title":null,"twitter_description":null,"twitter_image":null,"twitter_title":null,"authors":[{"name":"Annie Mellor","slug":"annie","bio":null,"profile_image":null,"twitter":null,"facebook":null,"website":null}],"primary_author":{"name":"Annie Mellor","slug":"annie","bio":null,"profile_image":null,"twitter":null,"facebook":null,"website":null},"primary_tag":null,"tags":[{"name":"#blog","slug":"hash-blog","description":null,"feature_image":null,"meta_description":null,"meta_title":null,"visibility":"internal"},{"name":"#feed","slug":"hash-feed","description":null,"feature_image":null,"meta_description":null,"meta_title":null,"visibility":"internal"},{"name":"multiply-minute","slug":"multiply-minute","description":"The 1-minute read to get the money news you need with expert adviser commentary","feature_image":null,"meta_description":null,"meta_title":null,"visibility":"public"}],"plaintext":"Achieving asking price\n37% of homes that changed hands in January 2021 were sold at or above their\nasking price\n[https://www.cityam.com/record-number-of-homes-selling-for-the-asking-price-or-above/]\n, according to Rightmove. That’s a record high - usually only around 1 in 4\nsellers achieve their asking price. Even homes that sold for below asking price\nin January achieved 98% of the amount the seller was hoping for, on average.\n\nGreen list\nIbiza, Majorca, Malta and Madeira are among the 16 new holiday spots added to\nthe green list [https://www.bbc.co.uk/news/uk-57606348] for travel. From\nWednesday, you can travel there without needing to quarantine for 10 days on the\nway home. Travel bosses say the changes don’t go far enough and question why\ndestinations such as the Canary Islands and Greece remain amber.\n\nInflation warning\nThe Bank of England has warned that inflation will break 3% this year\n[https://www.reuters.com/world/uk/bank-england-sees-inflation-peaking-over-3-before-falling-back-2021-06-24/] \nas the economy reopens further - but only temporarily. For now, the Bank has\ndecided to keep its stimulus pumping into the economy and hold the base rate at\nits record low of 0.1%. That means no increase to loan or mortgage rates - for\nnow.\n\nEthnic pay gap\nBusiness lobby groups, trades unions, and the human rights watchdog have called\nfor ethnicity pay gap reporting\n[https://www.theguardian.com/business/2021/jun/25/cbi-tuc-and-ehrc-press-government-on-mandatory-ethnic-pay-gap-reporting]\n. In a letter to Michael Gove, they say mandatory reporting of pay disparities\nwould help to spark action by employers. Big companies have had to report on\ntheir gender pay gap since 2017. The data has exposed differences in pay between\nmen and women and the lack of women in senior roles.","html":"

Achieving asking price

37% of homes that changed hands in January 2021 were sold at or above their asking price, according to Rightmove. That’s a record high - usually only around 1 in 4 sellers achieve their asking price. Even homes that sold for below asking price in January achieved 98% of the amount the seller was hoping for, on average.

Green list

Ibiza, Majorca, Malta and Madeira are among the 16 new holiday spots added to the green list for travel. From Wednesday, you can travel there without needing to quarantine for 10 days on the way home. Travel bosses say the changes don’t go far enough and question why destinations such as the Canary Islands and Greece remain amber.

Inflation warning

The Bank of England has warned that inflation will break 3% this year as the economy reopens further - but only temporarily. For now, the Bank has decided to keep its stimulus pumping into the economy and hold the base rate at its record low of 0.1%. That means no increase to loan or mortgage rates - for now.

Ethnic pay gap

Business lobby groups, trades unions, and the human rights watchdog have called for ethnicity pay gap reporting. In a letter to Michael Gove, they say mandatory reporting of pay disparities would help to spark action by employers. Big companies have had to report on their gender pay gap since 2017. The data has exposed differences in pay between men and women and the lack of women in senior roles.

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