Monday newspaper roundup: House prices, used cars, Covid cash

Asking prices for houses put on the market in Britain rose by a record 2.3% in February, according to property site Rightmove. The listing site said it was the biggest monthly increase in the 20 years it has kept records and the average advertised cost of a house rose by £7,785 to £348,804 . Over the past 12 months, asking prices have increased by 9.5%. – Guardian

One in five near-new cars now sell for more than their new equivalents as the disruption of supply chains continues to push used cars to record values. The closing of forecourts due to Covid and the continued shortage of semiconductors are the main forces behind a significant mismatch between supply and demand, which has worsened in recent months. The average price of a used car on Auto Trader’s market has risen 29% over the past year, according to its latest figures. Average prices have risen by more than £4,200 in just six months. – Guardian

Almost one in 10 drivers caught out by London’s weekend congestion charge have had their fine waived, new figures reveal. More than 34,000 of the 387,174 fines issued in 2021 have been overturned, according to figures released to The Daily Telegraph after a Freedom of Information request. – Telegraph

Credit Suisse has been rocked by a huge data breach, the latest scandal to engulf the Swiss bank, with new accusations that it served some clients who were allegedly involved in torture and drug trafficking. A leak of accounts belonging to 30,000 bank customers, totaling £80billion, details funds controlled by corrupt businessmen and politicians. – Telegraph

UK car dealers will together post record annual profits of up to £1billion in the next financial reporting season, but are refusing to return hundreds of millions of pounds to the taxpayers who got them through the pandemic. A Times survey finds that rising margins thanks to runaway car price inflation and lower staffing costs will propel nearly all major auto retailers to their all-time best profits in 2021, and in some case of all-time records by a wide margin. – The temperature

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