When it comes to buying a home in London, our comprehensive knowledge of the local property market goes a long way towards smoothing the process. As your estate agent, we are on hand to steer you towards the right property purchase while keeping you informed and involved, every step of the way.
Investors on the lookout for rental investment opportunities depend on our unique knowledge. We know what are the best buys on the London property market.
Having worked closely with local homeowners, we can quickly alert and advise investors. We act as their “eyes on the ground” concerning prices, trends and new developments.
Comprehensive and flexible
Our extensive opening hours and marketing reach allow our agents to arrange all necessary viewings. Buyers remain informed and in touch throughout the process.
The Complete service
Our advice covers the entire purchase. We can consult on valuations, legal matters and the entire moving-in process. We can even help with the furnishing of newly bought homes.
High professionalism throughout the process
Our experience with Benham & Reeves Hampstead was very pleasant. High professionalism throughout the process, a great valuation and viewing organisation, not to mention that it only took a couple of weeks to get an offer. Jeremy was extremely professional and helpful, so much so that we immediately recommended him to our neighbours.
Experienced and excellent to deal with
I felt it important to express my gratitude to Tom for all his hard work, assistance and understanding in achieving the completion of my property today. Tom is experienced in sales and an excellent person to deal with. He knows how to handle a situation. He is patient and understanding. Due to his coordination with solicitors and myself we were able to push a time limited conveyance through which had a deadline for tomorrow. A genuine asset to Benham & Reeves, Tom is a sheer pleasure to work with, thoroughly reliable and honest. I wish Tom all the success going forward and I hope to deal with him in the future, again.
Sale of my apartment in W1
Throughout the selling process of my apartment which through no fault of B & R was a quite complicated sale, I found the staff of B & R to be efficient, professional and attentive. I have no hesitation in recommending them both as letting agents and selling agents.
Outstanding service by Philip
Philip has been wonderful in our house hunting in London. He listened to our needs and had been so patient in finding that right one. The whole process took a year and he was never discouraged. Instead, he was always very accommodating and positive. Now, we have finally moved into our new place. We highly recommend Philip to anyone who is looking for their dream home. In fact, we have already referred some friends to him. Thank you Philip and we appreciate all your help!
Excellent and professional services
Philip provides professional services and advice on property acquisition. Very friendly and helpful.
I just wanted to drop you a line to say thank you for providing me with an excellent service. You proactively sought out properties that met my investment criteria which led me to purchasing an ideal property. I appreciated your friendly and professional manner and felt I could really trust your judgement, which is something I did not feel with other estate agents. I would highly recommend using your company and will hopefully be purchasing another property through you soon.
A Satisfied Buyer!
I was happy with your service particularly in keeping the sale alive when the vendor was losing faith. My agent (Sofia) was invaluable in overcoming the various hurdles and concluding the sale successfully. Thank you from a satisfied buyer!
At the end of June we saw the deadline for the government’s Stamp Duty holiday which is now being tapered down until it is phased out completely at the end of September. And I am sure many homebuyers are wondering what effect this will have on the London property market. But this is just one of the factors influencing the residential property market in London so let’s take a look at the broader picture. Looking beyond the Stamp Duty holiday Of course, the Stamp Duty holiday has had a major influence on the UK property market which has outperformed all expectations in recent months, with house prices across the country reaching record highs. The average price of a home in London in May was £497,948, around £7,000 below March’s record of £504,384, but still £17,000 above the level at the start of the pandemic in March 2020. And there is no doubt that the holiday contributed to the outstanding performance of the UK property market. But it was only one of the driving factors. In London, the property market has not experienced a surge in demand to the same extent as other parts of the UK, with transaction levels remaining steadier and the gradual tapering of the scheme should ensure that there is little or no negative impact. As a result, we expect demand to remain consistent, and in fact, for momentum to build over the next few months due to other influences. Lockdowns prompt a shift in priorities Homebuyers’ changing requirements have also been a real catalyst in the buoyant London property market. We have been spending much more time at home over the last 18 months, making us appreciate just how important our home is. In particular, we crave more space – inside and out – as our homes become somewhere we can both live and work – and this has become a driving force in what we are looking for in our perfect home. In fact, space is now often more important than traditional requirements such as proximity to public transport and this is prompting some people to move further out where this space is more affordable than in central London. New ways of living – and working While there is always a lull in demand over the summer months, as people take their annual holidays – at home this year if not abroad – we expect enquiry levels to continue to grow as we move towards autumn, with strong activity prompted by workers returning to their offices (at least part time) and maybe considering a new area to call home. We will see this trend continue as we all start to adapt to new ways of working – and living. Meanwhile, as travel restrictions ease, international buyers are considering a move back to London and perhaps buying a home rather than renting. Of course, some of these will be executives moving to the UK capital as they are on secondment with their firms, while we are also seeing growing numbers of BNO passport holders from Hong Kong seeking a permanent move to the UK. Financial incentives influencing the London property market Increased demand has also been prompted by incentives such as the government’s 95% mortgage scheme, together with historically low interest rates. While for overseas investors the weakness of sterling is probably the key driving force, bringing significant cost savings. In addition, many potential homebuyers have been saving significant amounts of money during the recent lockdowns. Those who have remained employed have had nowhere to go and not much to spend their money on! The Bank of England estimates the amount saved by individuals could be as much as £100bn. This gives buyers a substantial deposit for either their first property or their next move up the ladder. Shortages of good properties across London And of course, a continuing shortage of properties in London and the UK generally contributes to the strength of the property market, keeping house prices buoyant. The government says we need 300,000 new homes a year to meet demand yet on average we build only 250,000 – so demand continues to outstrip supply across the country. Larger homes being snapped up in Hampstead and Highgate Areas like Hampstead and Highgate are extremely popular and we've seen many corporate executives relocating to London with their families, thanks to the outstanding schools in both areas. This year is no exception and the Hampstead residential property market is changing quickly. We have been receiving a lot of instructions recently and these are selling well. In particular, larger family homes (three/four bedrooms) are being snapped up by the domestic market, families mostly, who are keen to move to the area before the start of the September school term. Some of these buyers have down-sized from central London homes and prefer the extra space they can get within their budgets and of course, being near the Heath is a real bonus. We desperately need more stock so if you are thinking about selling your property in Hampstead, please get in touch with our Hampstead Sales branch to arrange a free market appraisal of your property. Read more comment from Benham and Reeves in the national press If you’re interested in the London residential property market you won’t want to miss our regular market comments in the national press. Our director, Marc von Grundherr, gives regular interviews to national newspapers including the Times, The Guardian, the Evening Standard and City AM, giving his perspective on the latest property news and trends. One of the most recent is his contribution to an article in The Times about investing in a property along the route of The Elizabeth Line (Crossrail), outlining Marc’s own experience of investing at The Green Quarter in Southall. And of course, you’ll also find plenty of interesting articles by going to our News area where you can see recent press coverage. Are you planning to buy or sell a London property soon? If you are planning to buy a property in London soon, or if you plan to put your current property on the market for sale, please get in touch with our sales team to discuss your requirements or arrange a free market appraisal.