Overseas trips to visit our clients are a regular part of the diary for myself and fellow Benham & Reeves directors Anita Mehra and Vidhur Mehra. This autumn has seen a particularly busy schedule, so far involving visits to Mumbai, Bangalore and Nairobi. Anita and I will also be visiting Singapore, Kuala Lumpur and Hong …

Continue reading “Sales success in India”

Demand for rental accommodation in London remains quite literally, phenomenal! Many of our London lettings branches have completely run out of rental property stock recently and this has presented us with quite a challenge as try to keep up with demand from good quality, professional applicants. And while there are several new residential developments completing …

Continue reading “The London rental market – November 2019”

With the outcome of Brexit still undecided, the London property market remains subdued and is likely to remain so until an agreement is reached. So while we wait a little longer for the result of current negotiations, many buyers continue to sit back to see how the situation plays out. This uncertainty means that many …

Continue reading “The London sales market – November 2019”

Benham & Reeves are now offering purchasers of Barratt London homes, a guaranteed 5% rental yield for 24 months, at some of their latest developments in London.

A shortage of rental properties remains a serious issue for us, meaning we do not have enough rental accommodation to meet applicants’ needs. This is becoming a significant problem across London. But why? Well, of course we know that some landlords have exited the market, deterred by changes to the UK’s tax system.

The London property market is once again seeing enquiry levels increase, with demand particularly strong from first time buyers keen to take advantage of a slower than usual sales market, the financial advantages offered by the Government’s Help to Buy Scheme and continuing low interest rates (currently 0.75%), keeping down the cost of borrowing.

Traditionally, the summer months are a quiet time for the London property market, with many people away on holiday and keen to kick back and enjoy the sunshine. So demand from buyers has been subdued over the last few weeks, as we would expect at this time of year.

Rental demand in London is simply phenomenal at the moment. The combination of strong demand from students, young graduates moving to London to take up their first job and professional renters generally (from the UK and overseas), means that enquiry levels are at an all time high.

Well, the votes have been counted and, as predicted, Boris Johnson is the UK’s new Prime Minister. He has already announced a raft of new appointments to the Cabinet as well as plans to recruit 20,000 new police officers across the UK – so he has hit the ground running. But of course, what we …

Continue reading “The London sales market – August 2019”

July, August and September are peak season for demand from students and this year is proving to be no exception. The UK is the second most popular country in which to study for international students, (with only the US ahead of us), with 458,520 international students in the UK in 2017/18, 3.6% up on the …

Continue reading “The London rental market – August 2019”

We have just released the results of our bumper survey of over 19,000 landlords on their current feelings around property investment and the future of the sector. The research found that 73% of those who responded considered property is still the best, least volatile long-term investment when compared to other conventional asset classes. However, opinion …

Continue reading “Benham & Reeves Landlords Survey”

The Tory leadership contest continues to dominate the UK political landscape and this in turn means that the housing market remains in the doldrums until a leader is chosen and the Brexit plan becomes clearer. The good news though is that demand is picking up and the London sales market is certainly stronger than it …

Continue reading “The London property sales market – July 2019”