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Welcome news for UK economy as we head towards 2024

As 2023 comes to an end, we may be seeing some real ‘green shoots of recovery’ on the horizon for the UK economy, as recently released data suggests a more positive outlook for 2024. The final quarter of 2023 is seeing inflation dropping, interest rates peaking and the continuing resilience of the UK housing market. …

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Cautious optimism for homebuyers as mortgage interest rates stabilise

There’s cautious optimism for UK homebuyers, with mortgage interest rates stabilising and lenders now reducing rates on fixed mortgage deals. So, anyone moving home or remortgaging should soon be under less pressure. It comes after the rate of inflation remained at 6.7% in September, according to the ONS (Office for National Statistics) due to food …

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Navigating the London property market with Benham and Reeves’s China Desk

Created with a profound understanding of the unique needs and preferences of Chinese property investors, landlords, and the BNO community, our China Desk emerges as a bridge connecting East to West in London’s dynamic property market. At the helm of our China Desk is the accomplished Penny Cheung, whose vision and expertise have been pivotal …

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Positive economic news boosts confidence in London property

We’ve seen welcome news for the UK economy and the UK property market this month. First, the Bank of England has maintained the interest rate at 5.25%, bringing to an end the longest successive run of interest rate rises – 14 in total – in recent times.

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Broadway East: Where history meets innovation in the heart of East London

Explore Broadway East, your gateway to modern living in East London, with canal views and top-notch amenities. Your dream home is waiting!

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Housing market update – cash buyers snapping up London property

Many investors are cash buyers – over half the buyers investing in Zone 1 properties pay cash so they’re less impacted by wider economic uncertainty. They recognise the current situation is just another passing storm – and it will pass.

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International investors driving demand for London property

There’s good news for the UK economy as inflation fell to 7.9% in June, down from 8.7% the previous month. The Bank of England has increased interest rates 13 times since December 2021, aiming to slow soaring prices, but with inflation at its lowest in over a year, it is under less pressure to further …

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Queen’s Park: A Hidden Gem of North-West London

Welcome to Queen’s Park, one of London’s most sought-after neighbourhoods in Zone 2 that has become increasingly popular with homebuyers and investors. Tucked away from the hustle and bustle of tourists, this charming area in North-West London offers a peaceful oasis with a strong sense of community spirit, making it an ideal place to call home.

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London property sales market remains resilient after recent interest rate rises

London property sales market remains resilient after recent interest rate rises
Demand for properties in London remains stable although we expect recent interest rate increases to have an impact on market confidence over the coming months.

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Increasing confidence amongst London property buyers

The London housing market is really stepping up a gear as we enter the busy summer months. Buyers are showing increasing confidence now that mortgage rates have stabilised and gloomy economic forecasts have thankfully failed to materialise. So the outlook is positive.

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UK Landlords face 200% penalty for unpaid tax

Landlords need to be very careful and be sure they have declared all their property income on their UK tax returns and paid all monies due. Whether an underpayment is intentional or not, HMRC can now collect the tax due PLUS interest PLUS a impose a whopping 200% fine.

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Top family friendly developments within commuting distance of London

Most new builds offer buyers a harmonious blend of open green spaces, modern amenities, proximity to excellent schools and a welcoming community — making for tranquil locations amidst London’s hustle and bustle.

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