One of our strategic business initiatives at Benham and Reeves has been the positioning of branches in some of the most sought-after property developments in London. Having nurtured long-standing links with major UK property developers such as Barratt London and St George, we recognise that new build apartments offer a convenient lifestyle option and being on-site enables us to provide an on-the-spot-service to both buyers, sellers, landlords and tenants.
New build apartments and houses are a far cry from the misguided urban planning efforts of yesteryear. Even smaller developments routinely feature the combination of outstanding architecture and amenities that is essential for attracting high-quality residents and healthy rental yields. Low maintenance and proximity to transport links are also major plus points for most of these new apartments.
Resale properties that are a few years old also make a good investment. These still benefit from the quality build and location and often come with a rental history making it easier for investors to know exact yields and rental which can be achieved.
Whether you are looking to buy off-plan or want to buy something 1-2 years old in a new development, talk to us, we will be able to introduce you to great investment properties, some of which will not even be available via portals or other agents.
Nearly all of our London lettings branches had a hectic December, with rental demand from applicants remaining high at what is usually a quiet time of year. This strong market has continued into 2020, with enquiry levels quickly picking up again in early January. With demand strengthening already, most our branches continue to see lower stock levels than we would like and this is likely to be our greatest challenge this year. We continue to gain new instructions from landlords although of course, we would like more. And with this in mind, we will continue to carry out our regular programme of international visits to meet with clients and host our popular property investment seminars which are always well attended. We are delighted to announce that we are now planning the opening of our new Shoreditch branch which will be located at the Berkeley Group’s new 250 City Road property development in EC1. Located in Zone 1, close to the City, Old Street and Shoreditch, this is the perfect location for us to serve clients who own rental properties in these areas, as well as allowing us to be well placed for professionals (particularly in the banking, tech, Fintech and insurance sectors) searching for rental homes in these increasingly popular residential locations. The area is home to many successful organisations and popular with many working in the City. The new branch will be managed by our Japan Desk Manager Yoshi Tsuji who many of you will know already. Our City office in Fleet Street remains nearby so we really have the financial quarter covered well.