Latest UK property news

The new Chancellor of the Exchequer, Kwasi Kwarteng, spoke for only 25 minutes today but effectively turned the recent history of British tax policy on its head. Kwarteng says there are three economic priorities for the new government – Reforming the supply side of economy, responsible public finances and cutting taxes to promote growth. The …

Continue reading “The Mini-Budget – the new UK government’s plan for growth”

The ‘race for space’ continues to drive forward demand for homes in North-West London, particularly in areas such as Hampstead, Highgate and Dartmouth Park.  The residential property market remains strong and enquiry levels are high, despite wider economic concerns about the energy crisis and rising inflation. Large family homes with gardens and large garden flats …

Continue reading “Larger homes driving forward the North-West London property market”

We’re seeing good demand from domestic buyers looking to find a new home, as London’s professionals continue to re-assess their lifestyles and adapt to new post-Covid ways of living and working.  We usually see a lull in demand during August, but this year enquiries have remained steady, possibly due to the continuing rush from buyers …

Continue reading “Demand for London property remains steady as buyers re-assess homes and lifestyles”

Demand created by the return of professionals and international students to London is adding to the growing shortage of available properties to rent in the city and the market remains extremely challenging.  In fact, as enquiry levels have continued to increase over the summer, across our nineteen branches, this is the most competitive London rental …

Continue reading “London rental properties letting within hours – some within minutes”

Chinese students are driving demand for rental accommodation in London over the summer as they return to university or take up new places now that Covid restrictions have eased.   The number of Chinese students arriving in the UK is increasing and now appears to be similar to pre-pandemic levels. In some locations such as Wapping, …

Continue reading “Summer rental demand from Chinese students back to pre-pandemic levels”

Earlier this month, the Bank of England raised interest rates by 0.5 percentage points to 1.75%. This was its sixth successive interest rate hike and millions of homeowners will see their mortgage costs rise. As the cost of borrowing increases, a potential adjustment in sales prices could present opportunities for investors less dependent on lending. …

Continue reading “Update on UK Interest Rates – August 2022”

The beginning of 2022 saw the London property market fly out of its post-pandemic starting blocks, before maintaining a steady and profitable pace for the next six months. At Benham and Reeves, we have been working hard to convert this new confidence into sales as international buyers return in force. The rental market has been …

Continue reading “Why international investors continue to buy overseas property”

Landlords looking to make the most of their London investments will find that corporate tenants come with a whole list of advantages and plus-points. Their career trajectories mean that they will be committed to renting a property for a guaranteed time period, with no sudden changes or questions about their ability to pay. As they …

Continue reading “5 Effective ways to attract corporate tenants”

The desire to buy property in London remains strong and the market is fast-moving. Our London estate agents have some good stock coming onto our books and we have very motivated sellers who are keen to make their next move.  This will ease stock levels a little over the coming weeks however realistically we don’t expect …

Continue reading “London property market buoyant as buyers keen to complete before interest rates rise further”

It’s peak summer season for the London rental market and demand continues to grow, adding to the severe shortage of rental properties in the Capital.  Across our 19 London lettings branches, we are desperately short of stock, as many apartments are letting within a couple of hours and in some cases just minutes.  Often we …

Continue reading “Peak season for London rentals as demand intensifies from international students”

The residential sales market in North West London has been very active over the last few weeks and larger family homes in particular have been selling very well.    Many larger properties have been going to ‘best and final’ bids as homeowners have been receiving multiple offers on their property.   As a result, most of the …

Continue reading “Most family homes in North-West London achieving above guide price”

Due to its economic and political significance, London remains a sought-after investment destination amongst global investors and over the last year we have witnessed a significant rise in demand for property in the Capital from Israel. The influx of foreign funds into the Capital, including from Israeli real estate investors, is rising as London offers …

Continue reading “London remains a hotspot for investors from Israel”