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Autumn Statement 2022 – Impact on the property sector

The Autumn Statement delivered by the UK government – one of the largest series of fiscal announcements for some decades – was previewed as one involving difficult decisions, higher taxes and public spending challenges. For once, perhaps, the spin doctors’ previews were not off the mark. The Chancellor – Jeremy Hunt – made clear that …

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Peak season for rental demand in London

Demand for rental properties in London has remained at an all-time high over the last few weeks, intensified by seasonal market pressures; international students have moved to the Capital for the start of the autumn term, new graduates are moving here to start their careers and corporate relocations are picking up dramatically, now that Covid …

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Property shortages and price hikes continue in London

Shortages of property for sale in London is continuing with the number of properties for sale still historically low, with apartments in particularly high demand, both from owner occupiers and buy-to-let investors. The scarcity of properties and rise in the number of potential buyers, is causing property prices in London to grow at their fastest rate …

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Hong Kongers will always consider London as a key investment

As real estate in the UK begins its recovery after subsequent lockdowns, there is more positivity around and confidence is returning to the market. Since the beginning of March, shortly after the UK Government announced a detailed roadmap for getting back to normal, our Hong Kong office saw a surge of interest, with London property …

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Doris Tan 2 years with Benham & Reeves

It has been interesting and challenging times since I joined Benham and Reeves in April 2019. During my first year, I managed to sell a number of units in Central London when the market was slow due to the uncertainty of Brexit in UK. It was tough all round in Singapore as many investors had …

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Tenant Fees Act 2019 – fees ban now applies to all tenancies

The Tenant Fees Act 2019 came into effect on June 1st 2019, making it unlawful for letting agents and landlords in the private rented sector (PRS) in England to charge fees to tenants. There is also a cap on tenancy deposits.

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London Property webinars to keep you updated throughout Covid-19

While it seems good and proper to take a long hard look at the causes of the global Covid-19 disruption, investors tend to be forward thinkers and will already be putting in place their plans for a post-pandemic future. To this end, we at Benhams are quite happy to leave the debrief to government bodies …

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Some positive news from London

There seems to be little good news at the moment but London is an incredibly resilient city and no more so than now. There are some really positive actions being taken, both by the UK government, our fantastic NHS and individuals coming together as a community. So, this seems like a good time to share …

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Ban on evictions and additional protection for renters

Yesterday the UK Prime Minister, Boris Johnson, announced the Government are bringing in a law to stop any eviction proceedings commencing against tenants for at least a three-month period. The effects of the virus on the UK economy mean that some tenants may lose their jobs and be unable to pay their rent and the …

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Covid-19 update from Benham & Reeves London

The situation in the UK is increasingly difficult without any idea when normality will return. However, as a business we are doing everything we can to maintain our service levels. Challenges facing us are: The Government has advised that people should work from home Some people are self-isolating, whether that is because they are sick, …

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Carmen Ching joins Benham and Reeves in Shanghai

Carmen Ching has joined Benham and Reeves as its new Regional Director. Responsible for the Greater China area, her appointment is vital to the company’s ongoing expansion plans in the region as it seeks to broaden the range of property investment services available to Chinese investors in the UK and in other overseas locations.

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Will Boris Johnson break the Brexit deadlock?

A new prime minister and a clean slate can bring a rejuvenated air of confidence to the UK housing market and while Boris does have a fairly good track record when it comes to housing, he’s probably not the steady hand on the tiller that many would have liked.

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