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Buying a property with Benham & Reeves

Everyone at Benham and Reeves is dedicated to making the process of buying property in London as smooth and as hassle-free as possible. From experienced investors to property newbies, all buyers can benefit from our expertise and local knowledge which we make available to them from the first enquiry to completion of purchase.

Whenever and wherever you decide to buy, our intuitive blend of traditional local knowledge and sixty years’ experience will instantly be at your disposal. On our website, you’ll find our easy to use property search, our buying guide and an extensive list of area guides to be invaluable resources that will save you time when looking for your London property purchase.

Our long-standing relationships with notable UK property developers ensure that we can point you towards all the best properties that London has to offer in a variety of desirable locations. With branches across the Capital we are able to bring to you many buying opportunities – some of which will not have reached the market yet.

Overseas investors need not feel disadvantaged as our international offices in China, Hong Kong, India, Malaysia and Singapore provide the same level of one-to-one service. Tri-lingual, locally employed staff keep clients firmly in the loop as they and guide them towards some of the most profitable investment targets in prime central London and the suburbs.

We can help find you a property that meets your objectives, whether it’s a smart apartment, family home or a rental investment

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Our well-trained sales negotiators are on-hand across London to help you

The London property sales market – October 2020

Demand for homes in London continues to grow and the market is getting busier. We are carrying out growing numbers of valuations and receiving new instructions daily, so our stock levels are increasing which is leading to more viewings with potential buyers. This increase in activity is now starting to translate into greater numbers of transactions completing. Our Director, Marc von Grundherr was interviewed by the Evening Standard recently and he talks about the mini-boom, you can read the article here. Many of these enquiries are from investors but we are also seeing a lot of interest from local buyers – first time buyers and existing homeowners looking to trade up. There’s no doubt that the Stamp Duty holiday marked a real turning point in the residential property market and it’s playing a key role in the current upturn, as buyers look at this period as a real opportunity to cut their costs and get a good deal on their next property purchase. The resulting increase in demand from buyers is leading to solid house price growth and is a clear sign that confidence is returning to London’s property market, both amongst domestic buyers and international investors. For further information on this, read our Quarter 2 Market Intel here. A shift in perspective from homeowners The recent Covid-19 lockdown prompted a real shift in values and it has led many people to reassess what they want from their homes and their investments. For those living in a small one bedroom apartment, a move to a larger apartment with a dedicated workspace may be on the cards. Some buyers are looking to move out to a leafier part of the London suburbs, perhaps close to a park, but this seems to be only if they have working from home flexibility. Even our lettings teams report that tenants priorities have changed in the rental market so this is not just affecting homeowners. Whatever a buyer’s needs, many have found themselves reassessing their lifestyle during this extraordinary time and this shift in perspective is creating a sea change in the London property market. Locations beyond central London such as Ealing, Colindale and Mill Hillare more popular than ever right now, not just for the long-term value they offer but because they are only a short commute into central London and are vibrant communities in their own right, with plenty of excellent amenities on site. Developments such as Beaufort Park, Dickens Yard and Millbrook Park are all selling well and are very popular with renters. Looking for value While we are currently seeing soaring demand for residential properties, buyers continue to exercise caution in terms of what they are prepared to pay for a property. Value for money is a priority so accurately priced properties are selling well but buyers are not prepared to pay inflated prices. International investors a driving force in the market For international investors, the weakness of sterling and low UK interest rates remain a driving force. Many overseas buyers wish to find a safe haven for their money and the UK remains a stable environment for investment, even in these uncertain times. So as the economy starts to pick up again post lockdown, confidence is building and investors are returning to the London property market in force. Hong Kong investors have been very active recently; most prefer brand new apartments and Canary Wharf is a popular location for many. Apartments at 190 The Strand have also attracted a lot of interest, particularly with those coming to the UK next year on a BNO visa. Most overseas investors prefer brand new developments but many developers have delayed planned launches over the last few months, and this, coupled with restrictions on international travel, has led to considerable pent up demand amongst overseas investors who now wish to move forward with their investment plans. Foreign investors are also keen to secure a bargain so there is also the added urgency to complete on purchases before the 2% surcharge in Stamp Duty which comes into force in April 2021. Get in touch with us about our latest opportunities If you are planning to buy property in London over the next few months, please contact our sales team. We have some excellent opportunities right now, with more new instructions coming in daily.

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