London property is back with a bang

Marc von Grundherr, Director of Benham & Reeves talks about how after several years of subdued house price growth, the recent General Election victory by the Conservatives has offered a sense of stability and greater confidence to property investors.

The latest Rightmove Index has just seen the biggest January rise on record, up 2.3% led by a surge in London prices. The fundamentals of London property continue to be strong, as prices have increased by a staggering 75% over the last decade. High prices have left many Londoners unable to buy and so demand for rental accommodation in the capital remains phenomenal. A third of Londoners rent and 60% are expected to rent by 2025.

Well-presented and accurately priced properties let within a couple of days with minimum voids. This is great news for landlords and will help them maximise their yields at a time when changes to tax legislation have presented some challenges.

Our 16 lettings branches are situated on-site at some of London’s most popular residential developments and so we are ideally positioned to offer tenants and landlords an unrivalled service. If you have a property to let in London, or would like a free no-obligation rental valuation of your property please contact us. For more London property market news and updates, subscribe to our newsletter.

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About the Author

Established in 1958, Benham and Reeves is one of London’s oldest, independently owned property lettings and sales agents. With specialism in residential sales, corporate lettings and property management in prime areas of London, the company operates from sixteen prominently located branches and five international offices.

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